Mineng Technology Secures Tens of Millions in Funding for Self-Developed SNN Brain-Like Chip

Chinese startup Mineng Technology, specializing in physiological brain-like chips, has completed a tens-of-millions RMB equity financing round led by Blue Bay Capital and Wuxi Venture Capital. The funds will be used for mass production of medical-grade standard modules, full-chain closed-loop physiological regulation system development, and ecosystem expansion. The company has developed an event-driven spiking neural network (SNN) brain-like core that mimics the asynchronous processing of the human brain, aiming to solve power consumption and latency issues in wearable medical devices.

SK hynix revenue triples to $55 billion in Q2 but misses estimates

SK hynix reported Q2 revenue of $54.55 billion, up 257% year-on-year, and operating profit of $41.6 billion, up 557%, but both fell short of analyst expectations. The company attributed the miss to aggressive pricing by competitor Samsung Electronics.

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