Site menu

Search by ticker code:
Generic filters

Menu

Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

Brainchip (ASX:BRN) shares rise on Indian growth plans

Jaz Harrison
Jaz Harrison
Jaz Harrison

Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
More analysis

The Brainchip Holdings Ltd (ASX: BRN) share price is up this morning after announcing Indian growth plans.

Brainchip’s Indian growth plans

Brainchip announced today that it has established a software development centre in Hyderabad in India.

The development center will concentrate on software and firmware development to support the Akida Neuromorphic System on Chip (NSoC).

Brainchip said that software for device drivers, the CPU complex and firmware are critical components of turning Akida into a commercial enterprise.

The development center will have five software engineers and local management. This isn’t expected to add to expenses because the staff have already worked as contracted service providers for several quarters and it has provided the funds for the facility and cost of equipment.

This Indian outfit will complement the staff in Toulouse, France which are also working on software.

BrainChip CEO Louis DiNardo said: “We have established BrainChip Systems in India to support the requirement for robust system software and firmware. As Akida is implemented commercially, it is important that our software is mature and provides a positive user experience.

“We have a very seasoned management and engineering team in Hyderabad. Having a BrainChip entity in India will allow us to recruit and retain experienced engineering professionals as we expand operations to meet market demands. The India group has been working exclusively on Akida software and firmware development for several quarters and we are fortunate to have them join us as we bring Akida to market.”

Summary

If management feels this move is necessary then it seems like a positive step. Brainchip has been making headlines recently for its share price rise.

I don’t know whether BrainChip’s share price is a buy at $0.10, $0.46 or $0.76. It seems impossible to know how much money BrainChip can make at this stage. It’s hard to know what BrainChip can achieve – for that reason I think it’s hard to come up with a reasonable valuation. Is a market cap of over $700 million a fair price?

I prefer other ASX growth shares like ASX tech share Altium Limited (ASX: ALU) and Pushpay Holdings Ltd (ASX: PPH).

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Get the stock report

Unsubscribe anytime. Read our Terms, Financial Services Guide, Privacy Policy. We’ll never sell your email address. Our company is Australian owned.

Join the conversation

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

At the time of publishing, Jaz owns shares of Altium.

Latest stories

Rask Media
Rask Australia
Follow Us
Important Info
Invest with confidence:
Join free

General Financial Advice warning

The information on this website is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) and Target Market Determination before making a decision to acquire any financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Please read our Terms & Conditions and Financial Services Guide before using this website.

“Rask Invest” is considered a financial product and has a Product Disclosure Statement (PDS) and Target Market Determination (TMD), issued by InvestSMART. These documents can be accessed on the Rask Invest website. Please seek professional advice before making any investment decision with respect to Rask Invest. 

© Rask Australia 2024

Skip to content