Shares of chip developer BrainChip surged 14 percent after winning another U.S. patent


Chip developer BrainChip (ASX: BRN) announced on Wednesday that it has won another PATENT in the United States.According to the update,The U.S. Patent and Trademark Office (USPTO) has issued a patent for the company called “Method and a System for Creating Dynamic Neural Function Libraries.”The patent protects the basic structure and function of a digital neuron consisting of multiple synaptic circuits connected to a SOMA circuit.This reflects the fact that the cell body of a neuron receives information through multiple synapses.BrainChip currently holds eight US patents and one Chinese patent.The company also noted that it has recently expanded its international patent applications, with a total of 21 currently filed in the US, Europe, Canada, Japan, South Korea, Australia, Brazil, Mexico and Israel.Peter Van der Made, Chief Technology Officer and founder of the company, said, “Patents are the hallmark of a company, symbolizing innovation and advantages that differentiate its products and solutions from competitors in the market.By obtaining another patent from the USPTO, BrainChip was able to show the company’s customers and partners that the technology we developed is at the forefront of the AI revolution in a way that previous attempts could not.””In addition, this recognition further protects the company from encroachment on our work by others developing similar products.As BrainChip continues to advance the field of neuromorphic artificial intelligence, we will continue our efforts to increase patent grants worldwide.”The news sent the company’s shares soaring to a $1.89 in early trading on Wednesday.At press time, shares were trading at A $1.775, up 7.25%.

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