Why is the Brainchip share price rocketing 14% today?
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The Brainchip Holdings Ltd (ASX: BRN) share price is starting the week on a positive note.
In morning trade, the semiconductor company’s shares are up 14% to 27.5 cents.
Why is the Brainchip share price rocketing?
Investors have been bidding the company’s shares higher today after it announced a new license agreement.
According to the release, Frontgrade Gaisler has licensed the company’s Akida 1.0 Neuromorphic AI IP for incorporation into its space-grade, fault-tolerant, system-on-chip solutions for hardware AI acceleration across multiple product generations.
Frontgrade Gaisler is a Swedish provider of radiation-hardened microprocessors for space applications
The release notes that this builds on their…
