4DS - Anything but Charting, page-20334

I expect that 4DS and imec will overcome the technical challenges of producing a functional chip.

No timelines were given in the latest interview, though I recall they should be in the fab early Q1 22. The short loop production should occur concurrently to the full array but the completion of the full array will be paused until the short loop analysis confirms that the mask etch issue has been resolved.

So if by rise to the challenge we mean achieve positive market rerating event(s) then these are 1) Q1 short loop completed and analysed, it works and learnings will be incorporated into the platform lot 1) July 2022 platform lot completed without technical issues and has been delivered for extensive analysis 3) Analysis of platform lot/megabit memory complete and some details revealed or no details revealed but expressions of interest taken.

I expect strong gains if 1 and 2 work out but dread to imagine the consequences if they encounter further difficulties.