Well-considered R.
Noting the positive influence you have attributed to imec though, I think it is also appropriate to weight additional acknowledgement towards the continuing, recurring, investment of WD.
While we don't know the actual costs incurred by WD each year of the agreement, there have been enough hints and knowledgeable asides to believe they contribute some millions in kind with each renewal. And get budget approval for each re commitment.
Each WD renewal constitutes a hard-nosed commercial revalidation for me. One that continues to reassure me about the (I think) unique risk/reward opportunity 4DS presents.
DYOR
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