I asked my AI secretary to take notes of the General Discussion & Q&A. Not sure if English is Her/Him first language or if the full stop works on her keyboard.Semiconductor revenue in 2021 was 600 Billion dollars of which $150 billion was revenue in the memories space the companies that generated revenue are planning to spend $200 billion or so money on capital expenditures in 2022 so there's a tremendous amount of investment appearing in semiconductor industry 1/3 of revenue spent on capital expenditures. Of this revenue like I said roughly 100 fifty $260 billion is spent on memory of that amount about 95 billion is spent on DRAM chips.
I had the opportunity last week last week to drive by start Intel sites and tears of seaside in phoenix where decency and Intel bulls are building from immensely large new factories Intel and teaser she have both announced that they are going to spend in the order of $600 billion in capital expenditures over the next 10 years. Now 4DS is focused on the memory market like I said roughly on at $160 billion of revenue is generated in 2021 in the memory space of which about 95 billion was DRAM 40 S is focused on developing a standalone memory not an embedded memory but a standalone memory and the application of his memory is a storage class memory augmenting the DRAM market. So we're going to benefit from that that growth in the in the DRAM market it's about 5 to 6% annual growth rate so that market is growing by 5 to $6 billion in revenue every year. 4DS is focused on building a memory that is fast the speeds that will be equivalent or exceed the near Ashby that is very low cost lower cost then an SRAM probably similar in cost to DRAM but more expensive than an admin right we're focused on the market where we build high density memories in your of gigabits per chip and our memory is nonvolatile and that's how it sets itself apart from the Dram which is a volatile memory. Now keeping in mind that that is the focus of the company we we were lucky to be able to bring in ken as our new CEO earlier this year can brings with him a tremendous amount of knowledge of the memory space he worked at nanya at one of the Taiwanese DRAM manufacturers and in his role at nonya he interacted with the users of DRAM companies like HP Dell computer companies the reason we chose Ken as our CEO is because of his experience in the memory spaces contacts with the users of memory Ann was 4DS transitioning from developing our technology and demonstrating out of technology on our platform lock that is scheduled to come out in July of this year if that lot of successful we should have information that allows us to start the process of showcasing our technology to perspective requires an and find an exit for the company this exit process is is focused on talking to a variety of memory makers and memory users and by talking to multiple parties we hope to create competition that will lead us to getting a fair price for the company there was a question weather when the results of the platform lab will be available that's probably in the September time frame where the first electrical data of the platform log become available whether we will go into great detail on the performance of our device we are not planning to do that that is the competitive information of the company of course we under NDA will share that was potential acquirer so that they understand one technology is capable of so that they can determine a fire market value for this technology is and there was a question about the changes in personnel power chief engineering officer has left us in the first quarter of this year this was something that was consistent with the plans of the company up to last year we used in house built just shut up to the standalone memory cells we have now transitioned from standalone memory cells to memory arrays that are being processed on the platform last that's supposed to come out in July this requires bleeding different testing and we've chosen to use commercially available test hardware to do this and so we are bringing in new expertise related to using this commercial hardware an are no longer requiring the expertise that our chief engineering officer brought the ability to build your own in-house test equipment so we are looking for additional test resources and we're actively recruiting in this field relation to switching to a commercial test set up whether that will shorten the time of doing testing the answer is no the which to commercial test capability allows us test at much higher speeds it allows us to test endurance and retention under realistic product environment conditions so we will get better information but our investment in the commercial test system was not aimed add increasing speed by doing massive parallel testing that would have meant spending probably an additional $1,000,000 on on such a test hardware so the IT will take several months to fully test this platform love as we've announced we expect to get the first results out in September but additional information will become available October November December of this year now I will switch to some of the questions we received through the portal there is a question that is directed to 10 where Mr de Silva asked what can what the diligence can has done before he accepted the job as CEO of 40's memory and would you be interested in the in giving some comments on that topic certainly thank you what I can say about that is I spent several months in conversation with our chairman good morning during that time I spoke to a number of individuals from the technical side or dizziness side in the DRAM industry whose Italians I implicitly trusted and it it basically one from a conversation consulting to a conversation where people thought that I would be the right person to join in the company so a lot of study a lot of conversation and I'm certainly excited rob the opportunity next question is in relation to the sales bonus pool and the sales bonus and approved by the AGM in November of 2000 Anne 19 David is that correct but it was around that time it was prior to me joining the board and we have since that plan has been put in place no changes have been made to that sales bonus pool system the right time to introduce the technology potential acquirers as I mentioned this point performance of our technology are interested in talking to companies that can demonstrate performance of the memory cell in a memory array that's why we have invested in building this platform wall and if this platform produces the desired results that would produce an adequate data set that allows us to engage with potential acquirer so we have held back talking to potential acquirers until we have the data scratch this platform lot that's coming out in July is supposed to generate without memory array data potential acquirers have little interest in talking to companies that have new technology there's a question about they read speeds let me answer this question such a way that based on the performance we have demonstrated the reach speed of our memory assisted on a single memory cell is is similar to the read speed of a DRAM and potentially can be greater than other than the wreck the actual performance the true forms can only be tested by running the memory array on the commercial tester so we will get more information in in August September of this year there's a question whether we will be running additional platforms it is very likely that we will continue to work with imec and and do additional launch to find you and the technology even if the results on on the locked in July are very good simply to show that to our potential acquires while we're in negotiations that we can continue to find you and improve performance of our technology for that same purpose if you mentioned and press releases were doing work in the Stanford nano facility where we're trying out new ideas for our memory stack to improve performance again on single memory cell so there until the company is sold there is a strong desire to continue to improve the performance of our technology and doesn't increase the value to potential acquirer and I think that addresses all the questions that I've seen on the portal if there are no additional question shall I'll wait for about one minute circulation former partner meeting I would like to thank all shareholders for your online attendance today I declared a meeting closed
