Brn - brainchip holdings

[moka]

Closed at $1.27 today up 10c on $43m. The market liked the press release today that Brainchip Joins Arm AI Partner Program. Brainchip announced today it has been accepted into the Arm^® AI Partner Program, an ecosystem of hardware and software specialists enabling developers to deliver the next generation of AI solutions.

https://finance.yahoo.com/news/brainchip-joins-arm-ai-partner-213000555.html

What is Arm?
In case you’re not familiar with Arm, it is a UK-based semiconductor company that designs the components of processors for others to ultimately build.
The company then owns these designs, along with the architecture of their instruction sets, and licenses the IP to other companies, allowing them to build systems that incorporate their own designs as well as Arm’s.

Earlier this year, tech giant Nvidia attempted to acquire Arm for US$40 billion before the deal ultimately collapsed due to regulatory issues.
At the time, Nvidia’s founder and chief executive Jensen Huang commented: “Arm is at the centre of the important dynamics in computing. I expect Arm to be the most important [computer processing unit] architecture of the next decade.”

In light of this, Arm certainly is a company that you would want to partner with if you were operating in BrainChip’s industry. So it isn’t overly surprising to see some investors getting excited and bidding the BrainChip share price higher.

https://www.monexsecurities.com.au/insights/news/au-market-news/why-is-the-brainchip-share-price-racing-8-higher-today/

According to the release, the company has been accepted into the Arm AI Partner Program. This is an ecosystem of hardware and software specialists enabling developers to deliver the next generation of AI solutions.

Arm is one of the biggest names in AI. It is a UK-based semiconductor company that designs the components of processors for others to ultimately build.

https://www.monexsecurities.com.au/i...-higher-today/

[moka]

Closed at $1.15 down 12c on $43m. Price dropped sharply at 11am when the AGM started today. No bad news at the AGM to cause the price to drop.

https://stocknessmonster.com/announc...asx-2A1375316/ BrainChip – Annual General Meeting CEO and Chairman’s Address.

Chairman of the Board Antonio J Viana, spoke about his connection with ARM in his AGM addresss:

“Fast forward to the late 1990s, I joined ARM Holdings. ARM would indeed prove to be the cornerstone of my career. I started as the North American Director of Development Systems - this product line covered compilers, linkers, debuggers - the software suites necessary to generate ARM code....from there I launched a new Business Unit at ARM called the ARM Foundry Program – a per use licensing model for ARM cores....and eventually because a member of the exec team and board...most notably I served as the President and EVP of Commercial and Global Development. I helped take a pre-IPO multi-million dollar business in the late 90s and turn it into a multi-billion dollar, revenue generating company. ARM was, and still is, the de-facto standard in tech IP, let alone microprocessors. Being with ARM, I have had the benefit of positioning ARM IP into every silicon player on the planet. After a fantastic run, the perfect combination of luck and skill, I put aside the 300K miles a year I was travelling and I retired from ARM HOLDINGS in late 2015 right as the SoftBank acquisition talks started.

So, why did I come to BrainChip? .... the answer is incredibly simple – the people and the opportunity. I have known Anil Mankar, our CDO, for a long time. The 2 of us are grizzly, seasoned industry veterans. When Anil challenged to me in early 2021 to look at BrainChip, I already knew that something material was there – Anil wouldn’t be there if there wasn’t a play. Anil explained to me the ups and downs the company has gone through with respect to the development phase of the base technology...and the challenges they were facing going into commercialization. Additionally, there were plenty of corporate issues to sort out. It sounded like a challenge that was a great fit for me...and one where I felt I could significantly contribute.

For those who know the tech space, there is nothing better in tech than being on the front end of disruptive technology introduction. It is indeed what makes working in technology great.”

https://stocknessmonster.com/announc...asx-2A1375373/ Results of Annual General Meeting held on 24 May 2022

[moka]

At least three people at Brainchip previously worked for ARM, Antonio Viana, Rob Telson and Kimberly Vaupen. So is Brainchip becoming an arm of ARM?

I had never heard of Arm before even though Arm is one of the biggest names in AI. It certainly is an important connection.

I didn’t post the announcement of the appointment of former ARM Senior Executive Antonio Viana who appointed was Non-Executive Director on 28 June 2021.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02388434-2A1305650?access_token=83ff96335c2d45a094df02a206a 39ff4

In 1999, Mr. Viana joined ARM Holdings, the global leader in processor IP, serving in a number of leadership positions including President and EVP of Commercial and Global development and the Global Director of the ARM Foundry Program. He was appointed to the ARM executive team as Executive VP of worldwide sales in 2008. At the beginning of 2013, his executive duties were expanded to include commercial and global development.

https://brainchip.com/brainchip-inc-appoints-vice-president-of-worldwide-sales/

BrainChip Inc Appoints Vice President of Worldwide Sales Rob Telson Joins BrainChip to Lead Sales and the Commercialization of the Akida™ Technology. August 12, 2020

Prior to BrainChip, Rob had a 14-year tenure at ARM where he was a member of the executive management team and responsible for driving sales growth in North America as well as developing strategic relationships with semiconductor manufacturing partners including TSMC, IBM, Globalfoundries, Samsung, UMC, SMIC and other Tier-2 providers. His efforts helped ARM successfully collaborate with the top 20 global semiconductor companies.

https://www.linkedin.com/in/kimberly-vaupen-975a7a2 Kimberly Vaupen, Sales Director. Partner Manager, Arm, 2008 – 2017, 9 years

[moka]

Dropped below $1 today to close at 95c on $10m turnover.

BRN to be added to the S&P/ASX 200 Index – Effective Prior to the Open on June 20, 2022
https://stocknessmonster.com/announcements/brn.asx-2A1377514/

[moka]

Quarterly report out today. Closed at $1.26 up10c on $17m.

https://stocknessmonster.com/announcements/brn.asx-2A1387077/

The Company ended the June Quarter with US$28.4M in cash compared to US$31.2M in the prior quarter.
BrainChip reported net operating cash outflows of US$2.8M vs.US$5.0M in Q1-22. Receipts from customers for the quarter were US$1.2M, an increase of US$1M in Q1-22.

[Aotea]

Good to see youre still active on BRN @moka. Our day will come...well it has already but im greedy and want $50 a share

[MarineSalvage]

still holding here - after the nice surge looks like someone exiting a large position... down down down

[moka]

Closed today at $1.025, down 6c on $16.7m

https://stocknessmonster.com/announcements/brn.asx-2A1388084/

Top 20 Shareholder Report out today. Founder Peter van der Made is no longer the top holder. He still has 9.120% (9.351% on the previous announcement on 04/02/22.)

Biggest holder is now CITICORP NOMINEES PTY LIMITED with 10.028%.

BNP PARIBAS NOMINEES PTY LTD ACF CLEARSTREAM - 4.330% (previously 3.757%.) Clearstream holds the shares that trade in Germany and Europe. Lots of interest in Brainchip in Germany. So these shares are no longer trading on the ASX.

LDA CAPITAL LIMITED not on the list, they had 0.583% previously.

Link to the last Top 20 Shareholder report on 04/02/22 below.
https://stocknessmonster.com/announc...asx-2A1352918/

[moka]

Good to see youre still active on BRN @moka. Our day will come...well it has already but im greedy and want $50 a share

Yes, my day has come too because I bought around 20c, and so $1 is a 5-bagger already, and I will continue to hold, although I have sold some and taken profits so I am free-carrying now.

$2 or more in 6 months time, when the December Quarterly is out, I reckon. Management have said revenue in the second half of 2022, and ramping up in 2023. We will be rewarded for our patience. It is very volatile though, lots of shorting and manipulation going on.

The price was pushed down to 90c when it entered the ASX200 on 20 June. And it then traded between 80c - 90c until a week before the Quarterly. Then $45m sold in two days at $1.20 to $1.36, so some people made 50% gain in a few weeks. The price is going down again so they can fill their pockets and sell into the next lot of good news

[Aotea]

Great stuff Moka
I hold with an average 20.2cps and am free carried too as tech stocks are uncharted territory for me. Put my initial investment into POD which hasnt been great on the short term. BRN is still my most exciting stocks as it has potential to be more than the 10 or 20 bagger.