BRN Discussion Ongoing
- Thread starter TechGirl
- Start date
Newk R
Regular
Heading in the wrong direction for that. My fault though. I chased a buy at 50c and got it. Hahaaa. Soon as that happened ... Well, you know the rest...
DingoBorat
Slim
There will be an "indicative price" shown pre-open, which is all the sells below all the buys.
There will also be a minus or plus, of any volume demand above or below the indicative opening price.
Orders can be pulled or added, at the last fraction of a second, affecting this and can be a trap, if playing that game..
Sirod69
bavarian girl ;-)
We in the West didn't follow your course on Friday, I think tomorrow, so for me in 8 hours it's going to go down, I'm looking forward to seeing you, but that's exactly why I think it's going to go down again for us, ok, we had a good timeto climb and now perhaps two days down, right?
Fact Finder
Top 20
Except someone sprayed them and BRN is going up again.We in the West didn't follow your course on Friday, I think tomorrow, so for me in 8 hours it's going to go down, I'm looking forward to seeing you, but that's exactly why I think it's going to go down again for us, ok, we had a good timeto climb and now perhaps two days down, right?
Over 25 million traded and 49.5 cents at 10.48am.
My opinion only DYOR
Fact Finder
mrgds
Regular
Way past your bedtime Ms Bavarian GirlWe in the West didn't follow your course on Friday, I think tomorrow, so for me in 8 hours it's going to go down, I'm looking forward to seeing you, but that's exactly why I think it's going to go down again for you, ok, we had We can handle a good climb and two days down, right?
Typical trading going on atm tho holding good support at around .48-.49
Happened in the early part of last week, then became strong as the week progressed.
Happy Days ..................................
Vladsblood
Regular
Earthquake style tree shaking going on now …Big players desperately grabbing off shakey retail holders as many shares as possible. Comrades
Sirod69
bavarian girl ;-)
I'll be really happy if I see green again tomorrow, I'm going to sleep. Maybe you'll have a lot of fun again tonight and without me, sniff, pool party???
Bravo
If ARM was an arm, BRN would be its biceps💪!
Saudi Manufacturing Push Draws SoftBank, China Surveillance Firm
Wed, February 21, 2024 at 3:47 PM GMT+11·4 min read
Saudi Manufacturing Push Draws SoftBank, China Surveillance Firm
In this article:
(Bloomberg) -- Saudi Arabia’s new $100 billion investment firm announced a string of deals Tuesday, including partnerships with SoftBank Group Corp. and a Chinese surveillance equipment maker to set up local manufacturing facilities, as part of the kingdom’s efforts to transform itself into an industrial powerhouse.
The new vehicle, Alat, and SoftBank will invest as much as $150 million to establish a fully-automated manufacturing and engineering hub in Riyadh. The venture will build industrial robots based on intellectual property developed by SoftBank, with the first factory set to open in December.
Alat also tied up with Dahua Technology on a venture to make products for use in security and surveillance. The companies will invest $200 million in the business, which will be majority owned by the Saudi company.
Dahua was among firms banned from selling electronics in the US by regulators who said they posed a security risk. The company has previously supplied products to Saudi Arabia, including face scanners for the government’s $500 billion megaproject, Neom.
Read More: Middle Eastern Wealth Flows to China Amid Anxiety About US Ties
“Today’s announcement marks a historic milestone for how future manufacturing will take place,” SoftBank Chairman Masayoshi Son said. The Saudi Public Investment Fund has a longstanding relationship with SoftBank and committed $45 billion to the Vision Fund.
Semiconductors Next?
The moves underscore Saudi Arabia’s commitment to transform itself from an oil-dependent economy to a powerhouse that makes money on everything from tech to metals, mining and tourism. The latest deals deals come a month after a government minister said the PIF is looking at making a “sizable investment” in the semiconductor industry.
Led by Crown Prince Mohammed bin Salman and backed by the PIF, Alat was created to sign deals with international players and invest in large industrial firms that the kingdom wants to see set up operations locally. The firm plans to invest $100 billion by 2030.
The firm is weighing opportunities to invest in semiconductor manufacturing and is in talks with several potential partners to make its first investment in the industry this year, Chief Executive Officer Amit Midha said in an interview.
“We’re talking to several global and world class companies about how we can meaningfully help as well as benefit,” Midha said, declining to comment on specifics. He added Alat will be “fully compliant” with US sanctions, which are designed to curb China’s access to Western semiconductor technology and slow its development of advanced chips.
Read More: Saudi Arabia Taps Former Dell Executive to Run $100 Billion Firm
Initially, Alat’s semiconductor ventures will not focus on the most advanced types of chips, he said.
Alat, Arabic for machines, was launched at a glitzy event in the Saudi capital, Riyadh, in front of a delegation of government ministers. An introductory video said Alat was “building a better tomorrow, not just for Saudi Arabia but for the world.” The company says it will be run on renewable energy.
Another key ambition for Saudi Arabia is to develop an auto manufacturing hub on the West Coast. US EV-maker Lucid Group Inc. is already assembling cars there and is set to be joined by Hyundai Motor Co. and Ceer, a brand created by the PIF. Plans for the hub involve developing downstream industries, including making chips and batteries.
The wealth fund, key to the kingdom’s Vision 2030 plan, has rapidly amassed $700 billion in assets and aims to control $1 trillion in 2025.
But not all its bets have paid off. It took an $11 billion loss on investments in 2022, according to its last annual report, as global markets tumbled. A $45 billion commitment to SoftBank’s technology-focused Vision Fund, probably its biggest international deal, has failed to deliver big gains.
In contrast, Midha said that Alat will not be a big cash drain for the PIF.
“This is not a venture capital fund where we lose money for many years before we see significant profitability.”
Saudi Manufacturing Push Draws SoftBank, China Surveillance Firm
(Bloomberg) -- Saudi Arabia’s new $100 billion investment firm announced a string of deals Tuesday, including partnerships with SoftBank Group Corp. and a Chinese surveillance equipment maker to set up local manufacturing facilities, as part of the kingdom’s efforts to transform itself into an...
Pom down under
Top 20
Good Morning Chippers ,
looking a little spicy pre open.
I'm going with an open of $0.53 then a rapid rise to $0.55 then?????
Note . Mornignstar Quantitive , Random number generator has Undervalued , three star , and fair value at $0.68
ShootingStar , Present Fair Value still sits at $5.22 with five star rating.
Polly Rating , STRONG BUY
Not Financial Advice.
Regards,
Esq.
it’s a positive sign
buena suerte :-)
BOB Bank of Brainchip
Hmmmmnnn !! more shorts taken on Friday 
davidfitz
Regular
Makes sense as this usually coincides with the crappy MF articles.
Smoothsailing
Regular
It seems the Phycology of the shorter is to build up the momentum to Friday only to manipulate on Monday so the retailer panic’s due to this price fall.
Bunch of low life’s bottom feeder’s.
Fullmoonfever
Top 20
I know we were apparently setting up an office in South Korea. Do we know if this is done yet?
Asking, as it would be great if there was some connections or we've had some meetings / discussions with SAIT.
Pretty sure we've known they were working on the same tech (?) but we could probs save them a bit of time & $
www.sait.samsung.co.kr
Asking, as it would be great if there was some connections or we've had some meetings / discussions with SAIT.
Pretty sure we've known they were working on the same tech (?) but we could probs save them a bit of time & $
Brain Inspired Computing & Device | Samsung Advanced Institute of Technology
Brain Inspired Computing & Device | Samsung Advanced Institute of Technology
Boab
I wish I could paint like Vincent
Agree. There has been a lot of single and double digit trades.
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