Sondrel Holdings PLC on Thursday noted its skyrocketing share price, following a report in the Daily Mail that it assisted Tesla Inc owner Elon Musk with his Neuralink brain chip project. Shares in Sondrel more than doubled to 14.50 pence each in London on Thursday morning. The Reading, England-based semiconductor design services firm said it provided some of the semiconductor technology that allows the implants of Neuralink to function. On Monday, Sondrel confirmed receipt of £1.5 million of payments in relation to the material turnkey application-specific integrated circuit engagement with an unnamed automotive Tier 1 supplier. Copyright 2024 Alliance News Ltd. All Rights Reserved.

Source: Daily Mail February 08, 2024 16:16 UTC