Peraso Announces New Customer Partnership Utilizing X130 Chipset, New Engagement Signals Growth Opportunities And Enables Expansion Into A High-Volume Market Segment
Portfolio Pulse from Benzinga Newsdesk
Peraso Inc. (NASDAQ: PRSO) has announced a new customer partnership for its X130 chipset, signaling growth and expansion into high-volume consumer markets. The X130 chipset, featuring the PRS1145 and PRS4601 ICs, will be used for wireless video distribution, replacing the customer's existing solution. It supports high bandwidth and low latency applications, avoiding Wi-Fi congestion by using mmWave technology. The X130 is designed for applications like wireless AR/VR, displays, docking, and cloud access, and includes advanced features such as beamforming, beam tracking, and AES security.
December 12, 2023 | 1:03 pm
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POSITIVE IMPACT
Peraso's announcement of a new customer partnership for its X130 chipset indicates potential growth and market expansion, which could positively impact investor sentiment and the company's stock price in the short term.
The announcement of a new customer partnership typically generates positive sentiment as it suggests confidence in the company's products and potential for increased revenue. The X130 chipset's capabilities and the expansion into a high-volume market segment are likely to be viewed favorably by investors. However, the actual impact on the stock will depend on market perception, the size of the deal, and the company's execution of the partnership.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100