A bit of a look at the fish bowl we are swimming in (sorry for any mistakes). Our Chairman Dadi was VP of Intel and narrowly missed out on being the CEO. Intel market cap = US$137 billion. WBT has the only qualified ReRAM in the world, apart from TSMC, which is a closed shop. TSMC market cap = US$520 billion or so. Our Non-Exec Director Atiq turned AMD into a powerhouse competitor to Intel. AMD market cap = US$179 billion. AMD spun-off GlobalFoundries, who are a key commercial partner with WBT. GlobalFoundries market cap = US$34.8 billion. Atiq was instrumental in getting NVIDIA off the ground. Nvidia market cap = US$1,000 billion. Nvidia wanted to buy ARM (which has the same business model as WBT) in 2020 for US$80 billion, but it was blocked by governments for competition reasons. ARM's chip design IP is ubiquitous in electronic devices and its processors enable the "huge amount of compute cycles" required by booming generative AI applications. WBT will also be suitable (and arguably required) as the new memory for a significant wedge of "every device on the planet" and it is actively pursuing numerous cutting edge AI and neuromorphic applications in the background, given it can provide hardware for AI that resembles the human brain. And it might even be able to function as a battery, whereby it can store the energy it needs. WBT market cap, which should really be on the NASDAQ = US$0.66 billion. Wake up Australia.
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