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Preferred Networks Plans IPO to Fund MN-Core AI Chips

9/8/2026

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Story summary
  • Preferred Networks Inc. will IPO to fund mass production of its MN-Core L AI chips.
  • CEO Daisuke Okanohara says chip samples will be delivered in the first half of next year.
  • He adds the commercial launch is scheduled for December 2027.
  • Production will use a TSMC node, raising capacity concerns, with partners SoftBank, Sony and Honda via Noetra.