BRN Discussion Ongoing

[Steve10]

Interesting Global Foundries announcement by BRN.

In some other news:

2 minute read August 9, 20221:47 AM GMT+10Last Updated 6 months ago

Qualcomm to spend $4.2 billion more on chips from GlobalFoundries​

Aug 8 (Reuters) - Qualcomm (QCOM.O) agreed to buy an additional $4.2 billion in semiconductor chips from GlobalFoundries's (GFS.O) New York factory, bringing its total commitment to $7.4 billion in purchases through 2028, according to a filing released Monday.

The announcement expands on a prior $3.2 billion purchasing agreement between the two companies and will produce chips for use in 5G transceivers, Wi-Fi, automotive and Internet of Things (IoT) connectivity.

U.S. chipmaker Qualcomm, which specializes in mobile phone chips, was one of GlobalFoundries' first customers to sign a long-term agreement in 2021, covering multiple geographies and technologies, according to a press release published by the firms.

GlobalFoundries Chief Executive Thomas Caulfield said in a statement that having Qualcomm as a long-term customer of its upstate New York factory would help, along with federal and state funding, to expand the company's U.S. manufacturing footprint.

The U.S. Senate last month passed sweeping legislation to subsidise the domestic semiconductor industry, providing about $52 billion in government subsidies for semiconductor production and an investment tax credit for chip plants estimated to be worth $24 billion. read more

"With major new federal incentives for microchip manufacturing in the United States, I look forward to many more announcements like this to come," said Senate Majority Leader Chuck Schumer.

The European Union has also eased funding rules for innovative semiconductor plants to boost its chip industry and cut dependence on U.S. and Asian suppliers.

Intel and GlobalFoundries have announced expansion plans on both continents to benefit from the subsidies, with GlobalFoundries partnering with STMicroelectronics (STM.BN) to build a $5.7 billion semiconductor factory in France. read more

The announcement came as the heads of GlobalFoundries, Applied Materials (AMAT.O) and carmakers Ford Motor and General Motors Co (GM.N) were set to meet at a closed-door summit with U.S. government officials on Monday to discuss administration plans to invest in semiconductors. read more

GlobalFoundries is the world's third-largest foundry by revenue behind Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) and Samsung Electronics Co Ltd , but ranks second when stripping out Samsung's foundry business that makes chips for other elements of the South Korean firm.

The company, which is majority owned by Abu Dhabi's sovereign wealth fund Mubadala Investment Co (MUDEV.UL), raised $2.6 billion in an initial public offering last year on the Nasdaq.

 

[skutza]

Damn, my order at .625 is still sitting there. Looks like I may have missed out. All good, got plenty there. You never know when those manipulators decide to turn things around.

 

[Fox151]

Have I missed it? Why isn't anyone here talking about BrainChip Tapes Out AKD1500 Chip in GlobalFoundries 22nm FD SOI Process??

 

[Esq.111]

Afternoon Steve10 ,

Be interesting if Abu Dhabis Sovereign Wealth fund , Mubadala Investment Co . Poppsup on our share registry.

Regards,
Esq.

 

[TopCat]

Ford chip deal with GlobalFoundries shakes up automotive

Ford has signed a deal for chip production with GlobalFoundries that is likely to see Ford buy an ASIC design house

www.eenewseurope.com

Highlighting the signficant shift in the automotive semiconductor supply chain, Ford has signed a ground-breaking deal to buy chips directly from foundry GlobalFoundries in the US that could well lead to it buying an ASIC design house.


The strategic collaboration aims to advance semiconductor manufacturing and technology development within the US and boost chip supplies for Ford and the US automotive industry. This follows suggestions by General Motors that it also would buy chips directly.

 

[Shadow59]

Have I missed it? Why isn't anyone here talking about BrainChip Tapes Out AKD1500 Chip in GlobalFoundries 22nm FD SOI Process??

Has it been mentioned on the ASX as an announcement? Anywhere? Anyone who has shares in BRN (mostly) hold them on the ASX.
Making an announcement through places like Newswire or tweeting does not reach everyone invested in BRN! Whereas an announcement through the ASX should reach most people. This is where it should be!

Edit: Sorry I'm being very negative today. It will be different tomorrow.

 

[Diogenese]

Thanks wilzy. Yep it’s there but could also do it as a seperate announcement just like when Akida 1000 was done (my recall). Different ways to communicate good news etc and why have to read through a 8 page report. WBT consider tape outs as a seperate announcement (milestone) just so investors don’t miss it. All good, just different from my point of view only.

Maybe we got a yellow card for the Ford incident.

 

[toasty]

globalfoundries 22nm fdsoi
View attachment 28237
I smell something

I agree. TSMC handled the first iteration of Akida and established a partnership with us to promote/sell our product. Now a change of horse, mid race as it were, to Global Foundries. Things that make you go "hmmm". Maybe something to do with these??

NASA SBIR 2020-I Solicitation | Z2.02-5369 - Radiation Tolerant Standard Cell Library in a 22nm FDSOI CMOS Process | Proposal Summary

https://www.datacenterdynamics.com/en/news/globalfoundries-to-manufacture-bae-systems-radiation-hardened-single-board-computers-for-space/

Its also interesting that GF took legal action against TSMC in 2019 for patent infringement. No love lost between the 2 obviously, so the likelhood of a tripartite relationship seems unlikely.

https://www.fierceelectronics.com/electronics/globalfoundries-sues-tsmc-apple-google-and-17-others-for-patent-infringement

Might be drawing some long bows here so better DYOR.

 

[Harwig]

I would like to say, I have invested in this company having done due diligence and am pleased with the 4C they released. It shows steady growth built on strategy and skilled business acumen. I not only have approached my investment in Brainchip from an analytical perspective but also a modicum of faith. Happy am I for I have few wants and wealthy am I for I have patience,

 

[Diogenese]

Here we go again! The company has made very clear that it will not be putting out announcements unless strictly required to by the letter of law of the ASX, meaning a material event. The BRN crew is ultra cautious about being forced to show their hand by the ASX and I, for one, accept that give everything we all constantly say about the character of that organisation.

I think Sean has provided a low-key summary in the 4c of what people were asking for.

The manipulators were always going to have a crack once the 4c was released and it wouldn't surprise me to see a heap of crap articles, downramping etc to try and push SP below 60c over the next week.

For LTHs, the 4c is reasonable, the tape-out good news and all seems to be building and heading in the right direction. I think there's a hint in the final line "We remain positive on future market penetration and broad adoption of BrainChip’s technology."

All good. Akida ballista

Completing tapeout of Akida 1500 could be considered to be the IT equivalent of converting a resource estimate from "inferred" to "proven". The initial circuit design "estimated" that it was feasible.

Then there was the quickly forgotten nearology item about MegaChips and MorseMicro, reinforced by the discovery that several MorseMicro engineers are following BrainChip.

MicroMorse was founded by the inventors of WiFi, so they would have better insight than most into how the next generation on micro-networks should develop.

MorseMicro has the potential to provide the communications network for the connected IoT.

It is quite possible that Akida could improve the operation of the MorseMicro ultra-low-power, ultra-long-range WiFi, and both being under the auspices of MegaChips enhances the possibility of a collaboration.

 

[wilzy123]

Have I missed it? Why isn't anyone here talking about BrainChip Tapes Out AKD1500 Chip in GlobalFoundries 22nm FD SOI Process??

because we are still shaking our fists at the company for not standalone-ANN'ing it..

 

[Fullmoonfever]

I see mid last year that Renesas developed some additional tech for 22nm.

Wonder if AKD1500 can integrate here as well given Renesas comments on the dev need?

https://www.renesas.com/tw/en/about/press-room/renesas-develops-circuit-technologies-22-nm-embedded-stt-mram-faster-read-and-write-performance-mcus

Renesas Develops Circuit Technologies for 22-nm Embedded STT-MRAM with Faster Read and Write Performance for MCUs in IoT Applications


TOKYO, Japan ― Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today announced that it has developed circuit technologies for an embedded spin-transfer torque magnetoresistive random-access memory (STT-MRAM, hereinafter MRAM) test chip with fast read and write operations fabricated using a 22-nm process. The test chip includes a 32-megabit (Mbit) embedded MRAM memory cell array and achieves 5.9-nanosecond (ns) random read access at a maximum junction temperature of 150°C, and a write throughput of 5.8-megabyte-per-second (MB/s).

Renesas presented these achievements on June 16 at the 2022 IEEE Symposium on VLSI Technology and Circuits, held between June 12 and 17 in Hawaii.

As the advances of IoT and AI technologies continue, microcontroller units (MCUs) used in endpoint devices are expected to deliver higher performance than ever, and therefore need to be fabricated with finer process nodes. MRAM fabricated in BEOL (Note 1) is advantageous compared to flash memory fabricated in FEOL (Note 2) for sub-22 nm processes because it is compatible with existing CMOS logic process technology and requires fewer additional mask layers. However, MRAM has a smaller read margin than flash memory, which degrades read speed. A large gap between the CPU operating frequency and the read frequency of the non-volatile memory is also a challenge since it can degrade MCU performance.

 

[Beebo]

Completing tapeout of Akida 1500 could be considered to be the IT equivalent of converting a resource estimate from "inferred" to "proven". The initial circuit design "estimated" that it was feasible.

Then there was the quickly forgotten nearology item about MegaChips and MorseMicro, reinforced by the discovery that several MorseMicro engineers are following BrainChip.

MicroMorse was founded by the inventors of WiFi, so they would have better insight than most into how the next generation on micro-networks should develop.

MorseMicro has the potential to provide the communications network for the connected IoT.

It is quite possible that Akida could improve the operation of the MorseMicro ultra-low-power, ultra-long-range WiFi, and both being under the auspices of MegaChips enhances the possibility of a collaboration.

But is MorseMicro a “communications” company? (Rhetorical)

 

[buena suerte :-)]

HI Guys & Gals regarding my earlier post a 'good old fashioned' ASX announcement!!...

I have received this message from Tony and he has asked me to share this with you all and hopes it answers many questions and doubts we are having re ASX announcements.

Very much appreciated and many thanks to you Tony.

Hi BienSuerte

Happy new year to you.

I picked on your comment on TSE and I've been deluged by similar comments today from other shareholders, so please allow me to clarify and share my thoughts with you and others on TSE.

Firstly, to ensure you don't miss out on any news from BrainChip, I recommend you go to our website and subscribe to receive all updates so when we release press releases or ASX announcements you wont miss anything important, and you wont have to rely solely on the "1000 Eyes" .

Secondly, while the tapeout of Akida1500 reference chip represents an important progression in the development of our IP portfolio and demonstrates our ability to customise our neuromorphic chip architecture to meet specific end-user requirements, the news itself has no immediate revenue or financial implications, and is therefore neither material nor price sensitive. Todays share price reaction to this news would appear to bare that point out. The threshold for these matters is "materiality" and its not always as clear cut as it seems from the outside.

As we've discussed in person, and I've discussed at countless retail investor engagements and in thousands of emails, we are adhering to the ASX Continuous Disclosure Guidelines and the Listing Rules. The decision to make an ASX announcement or a media release is discussed by our Board of Directors and our Executive Leadership Team and guided by the advice of our Company Secretary. I certainly have input into those discussions, but ultimately its a decision made by the CEO. We don't make these decisions lightly and we certainly do consider the expectations of shareholders and the market in those debates, but ultimately we are guided by the law and especially by the ASX, especially in regard to "ramping announcements". To have made an ASX announcement about the tape out of Akida1500 would have been a ramping announcement, as defined by the ASX.

I know that everyone has their own opinions on these matters, but opinions aren't facts. The fact is we are disclosing everything we are required to disclose and we are applying a conservative interpretation of the ASX continuous disclosure obligations, because we have run afoul of these obligations in the past and under previous management we ended up on an ASX watch list for repeated ramping announcement violations. We are not doing that again and we have sought advice from the ASX Compliance Team to satisfy ourselves that we are operating in compliance with their rules. This is not only good corporate governance but also a way of minimising our risk of regulatory intervention.

I know its probably a vain hope on my part that this note will end this discussion for good, but I hope it at least proves that we do listen to our shareholders and we are aware of their views and expectations. Please feel free to share this note on the BRN Discussion thread and I look forward to catching up with you at our next TSE-BRN Investor function in Perth. My best wishes to you and your lovely wife.

Regards

Tony Dawe

 

[thelittleshort]

Previous specs published show AKD1500 with LSTM and transformer networks, however, the tape-out announcement doesn't specifically mention these two features but rather it says " The AKD1500 uses the latest features of BrainChip's extremely energy-efficient, event-based, Akida™ AI IP."

I wonder why LSTM and transformer networks weren't mentioned specifically? I know it mentions GlobalFoundries' leaky boat technology but what else could the latest features from Akida IP be if not LSTM and transformer networks?

View attachment 28234

Hi @Diogenese

1. What is the process to get from AKD1500 to AKD2000, given that it is now 'simply' optimising a taped out iteration? Is the hard work already done? Or is there significant engineering involved to incorporate LSTM/transformer functionality?
2. Based on 1. how difficult would it be to also release AKD2000 in 2023? Given that we have no clue how far PvdM has already advanced future AKD iterations

I'm still hoping we announce another BrainChip product release this year, but this one with more fanfare ie in conjunction with a Tier 1 partner or two

 

[Townyj]

HI Guys & Gals regarding my earlier post a 'good old fashioned' ASX announcement!!...

I have received this message from Tony and he has asked me to share this with you all and hopes it answers many questions and doubts we are having re ASX announcements.

Very much appreciated and many thanks to you Tony.

Hi BienSuerte

Happy new year to you.

I picked on your comment on TSE and I've been deluged by similar comments today from other shareholders, so please allow me to clarify and share my thoughts with you and others on TSE.

Firstly, to ensure you don't miss out on any news from BrainChip, I recommend you go to our website and subscribe to receive all updates so when we release press releases or ASX announcements you wont miss anything important, and you wont have to rely solely on the "1000 Eyes" .

Secondly, while the tapeout of Akida1500 reference chip represents an important progression in the development of our IP portfolio and demonstrates our ability to customise our neuromorphic chip architecture to meet specific end-user requirements, the news itself has no immediate revenue or financial implications, and is therefore neither material nor price sensitive. Todays share price reaction to this news would appear to bare that point out. The threshold for these matters is "materiality" and its not always as clear cut as it seems from the outside.

As we've discussed in person, and I've discussed at countless retail investor engagements and in thousands of emails, we are adhering to the ASX Continuous Disclosure Guidelines and the Listing Rules. The decision to make an ASX announcement or a media release is discussed by our Board of Directors and our Executive Leadership Team and guided by the advice of our Company Secretary. I certainly have input into those discussions, but ultimately its a decision made by the CEO. We don't make these decisions lightly and we certainly do consider the expectations of shareholders and the market in those debates, but ultimately we are guided by the law and especially by the ASX, especially in regard to "ramping announcements". To have made an ASX announcement about the tape out of Akida1500 would have been a ramping announcement, as defined by the ASX.

I know that everyone has their own opinions on these matters, but opinions aren't facts. The fact is we are disclosing everything we are required to disclose and we are applying a conservative interpretation of the ASX continuous disclosure obligations, because we have run afoul of these obligations in the past and under previous management we ended up on an ASX watch list for repeated ramping announcement violations. We are not doing that again and we have sought advice from the ASX Compliance Team to satisfy ourselves that we are operating in compliance with their rules. This is not only good corporate governance but also a way of minimising our risk of regulatory intervention.

I know its probably a vain hope on my part that this note will end this discussion for good, but I hope it at least proves that we do listen to our shareholders and we are aware of their views and expectations. Please feel free to share this note on the BRN Discussion thread and I look forward to catching up with you at our next TSE-BRN Investor function in Perth. My best wishes to you and your lovely wife.

Regards

Tony Dawe

Good to see its a definite NO! To...

Thanks for posting the response Bien.. appreciated.

 

[misslou]

HI Guys & Gals regarding my earlier post a 'good old fashioned' ASX announcement!!...

I have received this message from Tony and he has asked me to share this with you all and hopes it answers many questions and doubts we are having re ASX announcements.

Very much appreciated and many thanks to you Tony.

Hi BienSuerte

Happy new year to you.

I picked on your comment on TSE and I've been deluged by similar comments today from other shareholders, so please allow me to clarify and share my thoughts with you and others on TSE.

Firstly, to ensure you don't miss out on any news from BrainChip, I recommend you go to our website and subscribe to receive all updates so when we release press releases or ASX announcements you wont miss anything important, and you wont have to rely solely on the "1000 Eyes" .

Secondly, while the tapeout of Akida1500 reference chip represents an important progression in the development of our IP portfolio and demonstrates our ability to customise our neuromorphic chip architecture to meet specific end-user requirements, the news itself has no immediate revenue or financial implications, and is therefore neither material nor price sensitive. Todays share price reaction to this news would appear to bare that point out. The threshold for these matters is "materiality" and its not always as clear cut as it seems from the outside.

As we've discussed in person, and I've discussed at countless retail investor engagements and in thousands of emails, we are adhering to the ASX Continuous Disclosure Guidelines and the Listing Rules. The decision to make an ASX announcement or a media release is discussed by our Board of Directors and our Executive Leadership Team and guided by the advice of our Company Secretary. I certainly have input into those discussions, but ultimately its a decision made by the CEO. We don't make these decisions lightly and we certainly do consider the expectations of shareholders and the market in those debates, but ultimately we are guided by the law and especially by the ASX, especially in regard to "ramping announcements". To have made an ASX announcement about the tape out of Akida1500 would have been a ramping announcement, as defined by the ASX.

I know that everyone has their own opinions on these matters, but opinions aren't facts. The fact is we are disclosing everything we are required to disclose and we are applying a conservative interpretation of the ASX continuous disclosure obligations, because we have run afoul of these obligations in the past and under previous management we ended up on an ASX watch list for repeated ramping announcement violations. We are not doing that again and we have sought advice from the ASX Compliance Team to satisfy ourselves that we are operating in compliance with their rules. This is not only good corporate governance but also a way of minimising our risk of regulatory intervention.

I know its probably a vain hope on my part that this note will end this discussion for good, but I hope it at least proves that we do listen to our shareholders and we are aware of their views and expectations. Please feel free to share this note on the BRN Discussion thread and I look forward to catching up with you at our next TSE-BRN Investor function in Perth. My best wishes to you and your lovely wife.

Regards

Tony Dawe

Bookmarked for the next time this happens. Poor Tony having to repeat himself over and over again, and well done to the company for doing exactly as they should have done

 

[Violin1]

HI Guys & Gals regarding my earlier post a 'good old fashioned' ASX announcement!!...

I have received this message from Tony and he has asked me to share this with you all and hopes it answers many questions and doubts we are having re ASX announcements.

Very much appreciated and many thanks to you Tony.

Hi BienSuerte

Happy new year to you.

I picked on your comment on TSE and I've been deluged by similar comments today from other shareholders, so please allow me to clarify and share my thoughts with you and others on TSE.

Firstly, to ensure you don't miss out on any news from BrainChip, I recommend you go to our website and subscribe to receive all updates so when we release press releases or ASX announcements you wont miss anything important, and you wont have to rely solely on the "1000 Eyes" .

Secondly, while the tapeout of Akida1500 reference chip represents an important progression in the development of our IP portfolio and demonstrates our ability to customise our neuromorphic chip architecture to meet specific end-user requirements, the news itself has no immediate revenue or financial implications, and is therefore neither material nor price sensitive. Todays share price reaction to this news would appear to bare that point out. The threshold for these matters is "materiality" and its not always as clear cut as it seems from the outside.

As we've discussed in person, and I've discussed at countless retail investor engagements and in thousands of emails, we are adhering to the ASX Continuous Disclosure Guidelines and the Listing Rules. The decision to make an ASX announcement or a media release is discussed by our Board of Directors and our Executive Leadership Team and guided by the advice of our Company Secretary. I certainly have input into those discussions, but ultimately its a decision made by the CEO. We don't make these decisions lightly and we certainly do consider the expectations of shareholders and the market in those debates, but ultimately we are guided by the law and especially by the ASX, especially in regard to "ramping announcements". To have made an ASX announcement about the tape out of Akida1500 would have been a ramping announcement, as defined by the ASX.

I know that everyone has their own opinions on these matters, but opinions aren't facts. The fact is we are disclosing everything we are required to disclose and we are applying a conservative interpretation of the ASX continuous disclosure obligations, because we have run afoul of these obligations in the past and under previous management we ended up on an ASX watch list for repeated ramping announcement violations. We are not doing that again and we have sought advice from the ASX Compliance Team to satisfy ourselves that we are operating in compliance with their rules. This is not only good corporate governance but also a way of minimising our risk of regulatory intervention.

I know its probably a vain hope on my part that this note will end this discussion for good, but I hope it at least proves that we do listen to our shareholders and we are aware of their views and expectations. Please feel free to share this note on the BRN Discussion thread and I look forward to catching up with you at our next TSE-BRN Investor function in Perth. My best wishes to you and your lovely wife.

Regards

Tony Dawe

Great response. Thanks Tony and thanks @BienSuerte for posting. I do think most of it has been said before but it seems to need to keep repeating. All Tony missed out was......patience grasshopper......

 

[Andi85]

My take is that The company does watch this space and listens to what 1000 eyes have to say.

HI Guys & Gals regarding my earlier post a 'good old fashioned' ASX announcement!!...

I have received this message from Tony and he has asked me to share this with you all and hopes it answers many questions and doubts we are having re ASX announcements.

Very much appreciated and many thanks to you Tony.

Hi BienSuerte

Happy new year to you.

I picked on your comment on TSE and I've been deluged by similar comments today from other shareholders, so please allow me to clarify and share my thoughts with you and others on TSE.

Firstly, to ensure you don't miss out on any news from BrainChip, I recommend you go to our website and subscribe to receive all updates so when we release press releases or ASX announcements you wont miss anything important, and you wont have to rely solely on the "1000 Eyes" .

Secondly, while the tapeout of Akida1500 reference chip represents an important progression in the development of our IP portfolio and demonstrates our ability to customise our neuromorphic chip architecture to meet specific end-user requirements, the news itself has no immediate revenue or financial implications, and is therefore neither material nor price sensitive. Todays share price reaction to this news would appear to bare that point out. The threshold for these matters is "materiality" and its not always as clear cut as it seems from the outside.

As we've discussed in person, and I've discussed at countless retail investor engagements and in thousands of emails, we are adhering to the ASX Continuous Disclosure Guidelines and the Listing Rules. The decision to make an ASX announcement or a media release is discussed by our Board of Directors and our Executive Leadership Team and guided by the advice of our Company Secretary. I certainly have input into those discussions, but ultimately its a decision made by the CEO. We don't make these decisions lightly and we certainly do consider the expectations of shareholders and the market in those debates, but ultimately we are guided by the law and especially by the ASX, especially in regard to "ramping announcements". To have made an ASX announcement about the tape out of Akida1500 would have been a ramping announcement, as defined by the ASX.

I know that everyone has their own opinions on these matters, but opinions aren't facts. The fact is we are disclosing everything we are required to disclose and we are applying a conservative interpretation of the ASX continuous disclosure obligations, because we have run afoul of these obligations in the past and under previous management we ended up on an ASX watch list for repeated ramping announcement violations. We are not doing that again and we have sought advice from the ASX Compliance Team to satisfy ourselves that we are operating in compliance with their rules. This is not only good corporate governance but also a way of minimising our risk of regulatory intervention.

I know its probably a vain hope on my part that this note will end this discussion for good, but I hope it at least proves that we do listen to our shareholders and we are aware of their views and expectations. Please feel free to share this note on the BRN Discussion thread and I look forward to catching up with you at our next TSE-BRN Investor function in Perth. My best wishes to you and your lovely wife.

Regards

Tony Dawe

 

[BaconLover]

HI Guys & Gals regarding my earlier post a 'good old fashioned' ASX announcement!!...

I have received this message from Tony and he has asked me to share this with you all and hopes it answers many questions and doubts we are having re ASX announcements.

Very much appreciated and many thanks to you Tony.

Hi BienSuerte

Happy new year to you.

I picked on your comment on TSE and I've been deluged by similar comments today from other shareholders, so please allow me to clarify and share my thoughts with you and others on TSE.

Firstly, to ensure you don't miss out on any news from BrainChip, I recommend you go to our website and subscribe to receive all updates so when we release press releases or ASX announcements you wont miss anything important, and you wont have to rely solely on the "1000 Eyes" .

Secondly, while the tapeout of Akida1500 reference chip represents an important progression in the development of our IP portfolio and demonstrates our ability to customise our neuromorphic chip architecture to meet specific end-user requirements, the news itself has no immediate revenue or financial implications, and is therefore neither material nor price sensitive. Todays share price reaction to this news would appear to bare that point out. The threshold for these matters is "materiality" and its not always as clear cut as it seems from the outside.

As we've discussed in person, and I've discussed at countless retail investor engagements and in thousands of emails, we are adhering to the ASX Continuous Disclosure Guidelines and the Listing Rules. The decision to make an ASX announcement or a media release is discussed by our Board of Directors and our Executive Leadership Team and guided by the advice of our Company Secretary. I certainly have input into those discussions, but ultimately its a decision made by the CEO. We don't make these decisions lightly and we certainly do consider the expectations of shareholders and the market in those debates, but ultimately we are guided by the law and especially by the ASX, especially in regard to "ramping announcements". To have made an ASX announcement about the tape out of Akida1500 would have been a ramping announcement, as defined by the ASX.

I know that everyone has their own opinions on these matters, but opinions aren't facts. The fact is we are disclosing everything we are required to disclose and we are applying a conservative interpretation of the ASX continuous disclosure obligations, because we have run afoul of these obligations in the past and under previous management we ended up on an ASX watch list for repeated ramping announcement violations. We are not doing that again and we have sought advice from the ASX Compliance Team to satisfy ourselves that we are operating in compliance with their rules. This is not only good corporate governance but also a way of minimising our risk of regulatory intervention.

I know its probably a vain hope on my part that this note will end this discussion for good, but I hope it at least proves that we do listen to our shareholders and we are aware of their views and expectations. Please feel free to share this note on the BRN Discussion thread and I look forward to catching up with you at our next TSE-BRN Investor function in Perth. My best wishes to you and your lovely wife.

Regards

Tony Dawe

Thank you for sharing @BienSuerte

The question still remains.

Why does ASX have 2 different rules for 2 different companies on the same type of news?

Why is it a company such as WBT able to make this news ''price sensitive'' and BRN has to put out a Twitter post/media article?

What is the standard practice? Treating 2 companies differently on the same sort of news - the way I see it is discriminatory from ASX.

Below is the WBT announcement. Once you have read it, please read the BRN media release.



( On that note, GF and CE-Leti are in partnership )