Brainchip Holdings Ltd

BrainChip was founded in 2004 by Peter Van Der Made after a stint at IBM where he was Chief Scientist for behaviour analysis security systems. He initially set out to create a fast parallel processor before realising it would be too slow to perform the required functions. By 2007, he had worked out a radically new chip design based on the biological brain and had been granted a patent for the technology by 2008 in Australia and the US. The company listed on the ASX in 2015 via an RTO of Aziana Ltd. BrainChip’s first commercially available neuromorphic chip was the AKD1000 in April 2020. Later that year, the company secured its first IP license deal with Japanese chip manufacturer Renesas Electronics (TYO:6723). This was a game-changing event for the company and one that brought it to the forefront of many investors’ minds. Since then, BrainChip has continued to develop Akida, releasing a new generation in early 2023. Big news came in early 2022 when a major car manufacturer announced it was using Akida hardware and software in a new concept electric vehicle. Although BrainChip has been working with several signed and prospective clients, only a handful have been disclosed so far. Some of these include the aforementioned Renesas, Megachips, a Japanese fabless chip company, and the Space Machines Company. One of the more famous was the US Air Force Research Laboratory, with which BRN won a US$1.8m contract in late 2024. Throughout 2025, the company communicated an expanded commercial product roadmap and IP strategy, with management signalling a focus on broader edge-AI markets and state-space temporal event neural networks (TENNs) as differentiators for future AI workloads and low-power, on-device learning. BrainChip also transitioned to volume production of its AKD1500 neuromorphic accelerator chip, a significant step from design to manufacturing. The AKD1500 delivers high throughput with low energy consumption, and early integration into customer solutions (including initial orders reported from Nex Novus) suggests tangible early traction in defence, industrial and other edge segments.