The Pope
Regular
I
Hi Esqi
This announcement is interesting, in that it's considered market sensitive as an asx announcement, but look at the wording....
As part of the engagement, Weebit is required to meet several technical milestones based on an agreed workplan. Weebit will receive manufacturing license fees, non-recurring engineering fees (NRE) and royalties based on production volumes. The economic materiality of this agreement is not known at this time. However, Weebit views this commercial agreement as strategically important given onsemi’s position in the US semiconductor industry, and the commercial validation it provides for Weebit’s ReRAM technology when a company of this stature commits to Weebit’s technology, with the associated investment in preparing its own systems for production. In addition, the royalties are expected to be material over time depending on the number of products that onsemi decides to produce using Weebit’s technology.
No figures are provided on the value of the contract. I see this as a potential way around getting more announcements out for Brainchip.
Hi Esq,Good Morning Chippers ,
Well appears some Accountants , Lawyers & Solicitors were working over the holiday period.
Congratulations Weebit holders.
Should be a great day.
Regards,
Esq.
You can only assume there may be BRN announcement (update) with onsemi at the upcoming CES 2025