香菇的根部能够形成由菌丝构成的网络，可以作为主要的导电通道，该网络与传统的电子电路相连。干 燥脱水和重新加水后，这些真菌仍能保持其功能，这表明它们可以通过脱水进行"培养、训练和保存"。 这种干燥后的可重复使用性是其在技术领域实际应用的关键。实验人员将处理过的菌丝网络连接到电路 中，并施加不同波形和频率的电信号，目的是检验真菌是否表现出忆阻器对电信号的记忆功能。事实 上，香菇菌丝的响应确实能随电信号的频率而变化，在10Hz和5V的条件下，准确率高达95%。在高频 率条件下，准确率会有所下降。但研究人员指出，可以通过并联多个真菌来弥补这一缺陷，从而模拟大 脑的运作方式。 西班牙《非常有趣》杂志 1 月 26 日文章，原题：科学家让食用蘑菇在生物计算机中发挥微芯片记忆的功 能 近日，美国俄亥俄州立大学研究人员发表在《PLOS ONE》期刊上的研究表明，香菇等可食用的真菌 可以在生物微芯片的制造中发挥关键作用。这些真菌不仅能够导电，还能"记住"电信号，这对于开发计 算机的存储系统至关重要，标志着所谓的"真菌计算"取得了惊人的进展。 与需要稀土元素和昂贵制造工艺的传统芯片不同，真菌提供了一种环境友好且经济高效的替代方案 ...

Trade Frameworks and Tariffs - The U.S. has established significant trade frameworks with the Philippines and Japan, with the Philippines receiving a slight reduction in tariffs from 20% to 19% on U.S. exports [2] - Japan's tariffs on imports, including autos, will be capped at 15%, avoiding the previously threatened 25%+ tariffs, in exchange for a commitment of $550 billion in U.S. investment [3] - The European Union has threatened to impose 30% tariffs on over $100 billion worth of U.S. goods if no deal is reached by the August deadline [3] Neuromorphic Computing - Neuromorphic computing represents a potential leap in AI technology, mimicking biological neural networks to improve computing efficiency and energy consumption [5][6] - Intel's Loihi 2 chip can perform certain AI tasks using up to 100 times less power than traditional chips, indicating significant advancements in this field [7] - Companies like BrainChip Holdings (BRCHF) and IBM are highlighted as key players in neuromorphic computing, with BrainChip's Akida chip already in use for smart sensors and defense applications [9][10] Investment Opportunities - Advanced Micro Devices Inc. (AMD) is positioned as a major player in AI technologies, with a focus on disrupting Nvidia's market dominance through competitive pricing and performance [15][16] - AMD's data center segment has shown a 69% year-over-year growth, contributing significantly to its gross operating income [16] - The seasonality tool from TradeSmith suggests potential bearish trends in the market, indicating strategic timing for investments in stocks like Lattice Semiconductor (LSCC) [19][20]

Financial Data and Key Metrics Changes - The company reported revenue of $13.1 million for Q1 2025, exceeding the guidance range of $12 million to $13 million, driven by stronger-than-expected product revenue [5][14] - Non-GAAP EPS was $0.02, above the guidance range of a non-GAAP net loss of $0.05 to breakeven [16] - GAAP gross margin was 51.4%, slightly up from 51.3% in Q4 2024 but down from 56.5% in Q1 2024 due to a lower mix of high-margin licensing revenue [15][16] - The company ended the quarter with cash and cash equivalents of $42.2 million, a slight increase from $42.1 million in the previous quarter [17] Business Line Data and Key Metrics Changes - MRAM product sales, including both Toggle and STT MRAM revenue, were $11 million, consistent with Q4 2024 and slightly up from $10.9 million in Q1 2024 [14][15] - Licensing, royalty, patent, and other revenue decreased to $2.1 million from $3.6 million in Q1 2024, attributed to lower revenue from the Front Grade project [15] Market Data and Key Metrics Changes - The company is experiencing increased interest in its products, as evidenced by strong customer engagement at the Embedded World event in Germany [10] - The company anticipates that product revenue from ongoing projects will remain consistent for the remainder of the year [6] Company Strategy and Development Direction - The company is focused on scaling its business and converting design wins into revenue while maintaining financial discipline [19] - Everspin is committed to advancing its MRAM technology, with ongoing projects in various sectors, including automotive and aerospace [6][13] Management's Comments on Operating Environment and Future Outlook - Management expects 2025 to be weighted more heavily towards the second half of the year due to typical seasonality [14][18] - The company does not anticipate a direct material impact from tariffs on its results, as direct sales to China are not significant [22][24] Other Important Information - The company is entering the second phase of its project with Front Grade Technologies to develop a custom radiation-hardened STT MRAM macro [7] - Everspin has partnered with Blue Origin for a lunar mission and is involved in projects with AstroDigital for deep space missions [13] Q&A Session Summary Question: Impact of tariffs on products manufactured in the U.S. and shipped to China - The company indicated that while some wafers are sourced from GlobalFoundries, direct sales to China are not significant, thus minimizing tariff risk [22][24] Question: Signs of cyclical recovery in the industrial segment - Management noted an improvement in backlog and traction on STT products, indicating signs of cyclical recovery [30][40] Question: Guidance for second quarter revenue split between products and licensing - The company expects overall revenue to move upward but did not provide specific guidance on the split [33] Question: Commentary on gross margins and expectations for the rest of the year - Management stated that gross margins are expected to remain consistent at around 51% for the rest of the year [37] Question: Expectations for operating expenses throughout the year - Operating expenses are expected to remain in the same range, with some increases due to product development work [46]