Peraso gains, says Panasonic unveiled Wi-Fi solution with its technology

Peraso

16/04/2024 18:33

** Shares of semiconductor firm Peraso  PRSO.O  up 24.4% at
$1.58
    ** Co says a unit of Panasonic  6752.T  has introduced a new
Wi-Fi solution utilizing co's chipset technology 
    ** Says with Peraso's technology, Panasonic's new Wi-Fi
solution achieves wireless high-speed, low-latency communication
equivalent to wired LAN over distances of hundreds of meters
    ** Including session's gain, stock is down ~86% YTD 

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))