Musk's Neuralink Says Second Trial Implant Went Well, No Thread Retraction Issue

FILE PHOTO: Neuralink logo and Elon Musk photo are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Neuralink logo and Elon Musk photo are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
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Musk's Neuralink Says Second Trial Implant Went Well, No Thread Retraction Issue

FILE PHOTO: Neuralink logo and Elon Musk photo are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Neuralink logo and Elon Musk photo are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Elon Musk's brain technology startup Neuralink said its implant, designed to allow paralyzed patients to use digital devices by thinking alone, is working well in a second trial patient.
The company said the patient, identified as Alex, did not face issues of "thread retraction", unlike Noland Arbaugh, Neuralink's first patient who received the implant in January, Reuters reported.
The tiny wires of the implant retracted post surgery for Arbaugh, resulting in a sharp reduction in the electrodes that could measure brain signals. The threads have stabilized for Arbaugh, Neuralink said.
Reuters had reported Neuralink was aware of this issue from its animal trials.
The company said on Wednesday it implemented measures such as reduction in the motion of the brain during surgery as well as limiting the gap between the implant and the surface of the brain to prevent similar issues in its second patient.
Neuralink is in the process of testing its device, which is intended to help people with spinal cord injuries. The device has allowed the first patient to play video games, browse the internet, post on social media and move a cursor on his laptop.
Last month, the company successfully implanted the device in the second patient, who has been using the device to play video games and learn how to design 3D objects.



Chipmaker Analog Devices Forecasts Strong Q4 Results as Demand Recovers

Analog Devices' logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights
Analog Devices' logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights
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Chipmaker Analog Devices Forecasts Strong Q4 Results as Demand Recovers

Analog Devices' logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights
Analog Devices' logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights

Analog Devices forecast fourth-quarter revenue and profit above Wall Street expectations on Wednesday, as it benefits from returning demand for its chips used in consumer electronics.

A decline in surplus chip inventory across sectors, including communication, consumer and industrial, has helped chipmakers see a recovery in orders after a years-long slump.

Analog Devices' consumer segment revenue rose 3% to $316.6 million in the third quarter, compared with analysts' average estimate of $289.3 million, according to LSEG data, Reuters reported.

Shares of Wilmington, Massachusetts-based Analog Devices rose 1.3% in premarket trading after the company's third-quarter profit of $1.58 per share also beat LSEG estimates of $1.51.

The company now expects fourth-quarter revenue of $2.40 billion, plus or minus $100 million, above LSEG estimates of $2.37 billion. It also sees adjusted earnings per share of $1.63, plus or minus 10 cents, compared with estimates of $1.62.

The upbeat forecast follows strong results from rival chipmaker Texas Instruments.

However, economic and geopolitical uncertainty continues to limit the pace of recovery, Analog Devices CFO Richard Puccio said.

Revenue for the company's industrial segment, the largest in terms of revenue, came in at $1.06 billion, slightly lower than analysts' expectations of $1.07 million.

Analog Devices provides semiconductors to businesses in a variety of industries, including aerospace, automotive, communications, digital healthcare, and industrial automation among others.