Australia's Nanoveu soars on acquisition of semiconductor design firm

Nanoveu

10/02/2025 01:05

** Shares of Nanoveu  NVU.AX  rise 14.6% to A$0.055, their
highest level since November 13, 2024
    ** Nanotechnology co says it has executed binding share sale
agreement to acquire Embedded A.I. Systems, a system-on-chip
semiconductor designing firm
    ** More than 6 million shares change hands, 1.4 times the
30-day average of about 2.9 million shares
    ** Stock has risen 64.7% this year, including current
session's moves

 (Reporting by Manasi Dasa Sundeep in Bengaluru)
 ((Manasi.DasaSundeep@thomsonreuters.com;))