Nanoveu Limited (ASX:NVU) Acquires EMASS to Boost AI-Driven Semiconductor Solutions
Strategic Acquisition
Nanoveu Limited (ASX: NVU) has executed a binding Share Sale Agreement to acquire 100% of Embedded A.I. Systems Pte. Ltd. (EMASS), a System-on-Chip semiconductor design specialist, following shareholder approval and due diligence.
Leadership Appointment
The acquisition includes the appointment of Mark Goranson as CEO of Nanoveu’s new semiconductor division. Goranson has extensive experience in scaling and commercialising semiconductor technologies.
Growth Roadmap for 2025
Nanoveu aims to integrate EMASS’s ultra-low-power SoC into its EyeFly3D™ platform, pursue partnerships with wearables and IoT manufacturers, recruit top semiconductor engineers, and enhance energy efficiency for battery-powered devices.
Executive Comments
Nanoveu Semiconductor CEO Mark Goranson stated, “With the current spade of AI technology coming from China, the underlying driver of these technologies underpins (SOC) offering. This will build market leadership for EMASS as we remain agnostic of current AI algorithms developed. We are seeking to redefine the limits of AI efficiency – 30 billion operations per second on just 2 milliwatts. That’s intelligence at the power level of a heartbeat. With up to 12 TOPs per watt, our ultra-low-power AI SoC is not just smaller and faster, in my opinion it’s the future of energy-efficient computing.”
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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