Microchip Technology Acquires Neuronix AI Labs
CHANDLER, Ariz., April 15, 2024 (GLOBE NEWSWIRE) -- Microchip Technology (Nasdaq: MCHP) has acquired Neuronix AI Labs to expand its capabilities for power-efficient, AI-enabled edge solutions deployed on field programmable gate arrays (FPGAs).
- CHANDLER, Ariz., April 15, 2024 (GLOBE NEWSWIRE) -- Microchip Technology (Nasdaq: MCHP) has acquired Neuronix AI Labs to expand its capabilities for power-efficient, AI-enabled edge solutions deployed on field programmable gate arrays (FPGAs).
- Neuronix AI Labs provides neural network sparsity optimization technology that enables a reduction in power, size and calculations for tasks such as image classification, object detection and semantic segmentation, while maintaining high accuracy.
- “The acquisition of Neuronix AI Labs’ technology will enhance our power efficiency for FPGAs and SoCs deployed in intelligent edge systems that utilize AI/ML algorithms,” said Bruce Weyer, corporate vice president of Microchip’s FPGA business unit.
- “Neuronix AI Labs has been laser-focused on producing best-in-class neural network acceleration architectures and algorithms that can transform user expectations of size, power, performance and cost,” said Yaron Raz, CEO of Neuronix AI Labs.