Shares of GBT Technologies Inc. (OTCMKTS:GTCH) have been trending higher over the past week with a gain of 15% in a week.
Market Action
On Tuesday, GTCH stock ended up by 50% to $0.21 with 136k shares, compared to its average volume of 140k shares. The stock moved within a range of $0.1900 – 0.2140 after opening trade at $0.1949.
GBT Working towards Developing AI Empowered Technology for Automatic Compaction of Integrated Circuit Layout Data IPs
GBT Technologies Inc. (OTCMKTS:GTCH) is developing an AI empowered technology for automatic compaction of integrated circuit (IC) layout blocks. The demand for design automation is high due to modern ICs growing in complexity and size, for reducing silicon area and increasing its yield. Microchips are expected to include more functionalities, consuming less power, reducing in size and ultimately cheaper.
The ultimate objective of the compaction process is to create the densest IC layout possible. The technology being designed by GBT will read existing and new microchip’s layout data with the goal of producing the densest layout block possible. It is looking to optimize post-layout IPs, shrinking them automatically retaining geometrical design rule and electrical connectivity correctness.
The computer program will also work on maintaining Design for Manufacturing (DFM) constraints to comply with the manufacturing process. The technology design contemplates implementing graph-based optimization algorithms and deep learning training for fast processing and optimal area utilization. It is targeted for Digital, RF and MIXED integrated circuits styles, and supporting GDSII and Oasis data.
The company still needs to raise sufficient capital to support its research, after which it has to be developed and granted regulatory approval. If all these steps are successful, only then can it search for a third party that has experience in manufacturing, selling and distributing this product.
Traders Note
GTCH stock is trading above the 20-Day and 100-Day Moving averages of $0.20 and $0.20. Moreover, the stock is trading is the neutral zone with RSI stands at 55.
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