Australia's Nanoveu jumps on receipt of AI chip samples from TSMC

Taiwan Semiconductor Manufacturing

22/09/2026 06:51

** Shares of Australia's Nanoveu NVU.AX climb as much as 14.8% to A$0.062, their highest level since September 7
** Stock on track for its strongest session since July 23, if current trend holds
** Semiconductor developer says its unit, Embedded A.I. Systems Pte, received first engineering samples of 16 nanometer ECS-DoT edge AI chip from Taiwan Semiconductor Manufacturing Co 2330.TW 
** About 2 million shares change hands, 2.8x the 30-day average volume
** YTD stock down 33.3%

 (Reporting by Swetha Lakshmi in Bengaluru)
 ((Swetha.Lakshmi@thomsonreuters.com))