BrainChip Starts AKD2500 Custom Silicon Development Project; Shares Fall 6%

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BrainChip Holdings (ASX:BRN) started its AKD2500 custom silicon development project, with prototype silicon expected in the September quarter after the completion of the multi-project wafer cycle, according to a Friday Australian bourse filing.

The project seeks to advance the company's Akida 2.0 neuromorphic architecture, a computing approach that mimics how the brain functions, into silicon, per the filing. The device will then be implemented on Taiwan Semiconductor Manufacturing's 12-nanometer process technology.

The initial phase of the program will be conducted through a multi-project wafer pilot development.

The company expects the total budget for the project to be around $2.5 million, covering development services, fabrication activities, packaging and testing, as well as the licensing of required third-party technology.

BrainChip Holdings' shares fell nearly 6% in recent trading on Friday.

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