Mrcalm /Gordon12 Aug 2024 09:11
Even if you accept the highly likely scenario that on the 12th Aigust GM CEO and his backers who own 70% will get the vote to de list there is still a chance to gain from a purchase at 2.6p
1) look at DEST and CGG who both have done 100-200% after the GM confirmation
2) SND shares will be worth alot more than 2.6p as a private company ..possibly even I'm time applying to the USA growth market or main NASDAQ
The backers of the Ceo called ROX have bankrolled SND at 10 pence and the market share is large for SND offering
two smaller ASIC projects achieved 'tape out' status during the year, one of which led to Sondrel's first production order in late 2023. The first production revenues are anticipated in the second half of 2024 as a result. In addition, a significant new ASIC project was won in early 2024 for a next generation video processing chip with a total estimated value of US$23 million across the design, qualification and projected production life of the product.
The ASIC Market
The market for ASIC design remains one with significant opportunity for Sondrel particularly in the growing AI market, and is extremely dynamic and evolving:
Market Size and Growth Trends
The ASIC chip market was valued at an estimated USD 20.29 billion in 2024 and is projected to reach USD 32.84 billion by 2031, growing at a CAGR of 7.10% during this period (Source: ASIC Chip Market Size & Share Analysis - Industry Research Report - Growth Trends (coherentmarketinsights.com).
Factors driving growth include the adoption of advanced technologies such as AI, machine learning, and 5G, and these all increase demand for ASICs across industries.