Australia's BrainChip jumps on distribution deal with South Korea's ASICLAND

Asicland Co

04/05/2026 04:51

** Shares of BrainChip BRN.AX rise as much as 9.7% to A$0.17, their highest level since Jan 28

** Stock hits biggest intraday pct gain since April 1

** Chip processor enters into IP distribution license agreement with South Korean semiconductor solutions provider, ASICLAND 445090.KQ

** Says agreement enables ASICLAND to integrate Akida IP designs for customers

** AI-enabled Akida is a chip processor with enough power to mimic the human brain

** Stock down 7.1% YTD

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))