Australia's Pathkey.AI soars on deal to buy semiconductor developer

Pathkey.AI

29/04/2026 06:11

** Shares of Australia's Pathkey.AI PKY.AX rise as much as 73.2% to A$0.071, their highest since April 28, 2022

** Technology firm said it entered into a binding share purchase agreement with Chipforge, a semiconductor design and development company

** Around 64.3 mln shares change hands, nearly 45x of 30-day average

** PKY up 225% YTD

(Reporting by Keshav Singh Chundawat in Bengaluru)

((Keshav.singhchundawat@thomsonreuters.com))