Australia's BrainChip rises most in over a week on deal with Japan's MegaChip

MegaChips

22/11/2021 24:11

** AI technology firm BrainChip Holdings  BRN.AX  rises as
much as 13% to A$0.610, their biggest intraday pct jump since
Nov. 12
    ** Says https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02455243-2A1340257?access_token=83ff96335c2d45a094df02a206a39ff4
 Japanese large-scale integrations systems firm MegaChip Corp
 6875.T  entered a multi-year license agreement for the
BrainChip Akida IP
    ** Agreement provides MegaChip with an IP license for use in
designing and manufacturing BrainChip's Akida technology - a
processor
    ** BRN to receive upfront license fee and additional
payments over the four-year term of agreement
    ** BRN hits highest since Nov. 12
    ** About 11 mln shares change hands, vs the 30-day average
of 8.7 mln shares
    ** BRN second-biggest percentage gainer on the ASX All
Ordinaries index  .AORD 
    ** Up 25.6% this year, as of last close vs a 12.8% increase
in the ASX All Ordinaries index

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))