Ann: BrainChip Enters IP License Agreement with ASICLAND, page-3

ASX Announcement

BrainChip Enters IP License Agreement with ASICLAND

Sydney, Australia – 4 May 2026 – BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF,

BCHPY), the world’s first commercial producer of neuromorphic artificial intelligence technology,

today is pleased to announcethat it has entered into an IP distribution license agreement with

ASICLAND Co., Ltd. (“ASICLAND”), a South Korea–based semiconductor solutions provider.

Agreement Overview

Under the agreement, BrainChip has granted ASICLAND a non-exclusive, worldwide license to its

Akida™ neuromorphic AI IP portfolio, including current generations of its neural processing

technology. The agreement enables ASICLAND to integrate Akida IP into system-on-chip (SoC)

designs for multiple end customers, subject to licensing approvals by BrainChip.

The agreement allows ASICLAND to obtain multiple evaluation licenses, including participation in

multi-project wafer (MPW) fabrication runs, to enable its customers to produce prototype and test

chips for evaluation, validation, and demonstration purposes. For customers that elect to move to

commercial deployment, these evaluation licenses may be converted into production licenses,

upon approval by BrainChip and payment of an additional production license fee, enabling full

commercial manufacture and sale of chips incorporating Akida IP.

BrainChip Services and Support

In connection with the license, BrainChip will provide ASICLAND with access to the Akida IP and

associated runtime software, documentation, reference designs, and example AI models optimised

for Akida hardware. BrainChip may also provide optional training, integration assistance, and

technical support services under separate service agreements.

BrainChip retains full ownership of its intellectual property and may engage directly with end

customers to provide additional services, support, or commercial arrangements.ASICLAND Customer Enablement and Resale Model

ASICLAND will utilise the licensed Akida IP to design and develop custom SoC solutions

incorporating embedded AI capabilities for its customers across a range of markets including edge

AI, industrial, automotive, consumer and IoT applications.

ASICLAND is licensed to support multiple customer engagements in parallel, allowing it to

fabricate prototype silicon through multi-project wafer runs. Each engagement is governed by a

separate evaluation license and may be converted into customer-specific production licenses

allowing commercial manufacture and sale of products incorporating Akida IP, subject to BrainChip

approval.

ASICLAND is not permitted to sublicense BrainChip’s intellectual property, which is incorporated

solely within ASICLAND-designed semiconductor products supplied to customers.

Financial Structure

The agreement includes upfront evaluation and production license fees on a per-customer basis,

ongoing volume-based royalties calculated on net sales of licensed products, and additional fees

for optional services and software maintenance where applicable. The Company is unable to

quantify the financial impact of the agreement at this time, however, anticipates the revenue will

be material over time.

Strategic Significance

The agreement expands BrainChip’s global semiconductor partner ecosystem and go-to-market

strategy, enabling broader adoption of Akida technology while maintaining IP control and recurring

revenue participation.

Quote from BrainChip CEO Sean Hehir

“Partnering with ASICLAND extends BrainChip’s reach into a broader range of custom silicon

programs. ASICLAND’s SoC design capabilities and customer relationships make them a strong

partner for accelerating Akida adoption across multiple end markets, while maintaining the integrity

of our IP and long-term royalty model.”

Authorisation

This announcement has been authorised for release by the Board of Directors of BrainChip

Holdings L