At the risk of sounding like a stuck record, it seems highly unlikely that any offer will come until there has been successful integration with the IMEC megabit chip and sufficient testing of said chip.
Quote from 20th June announcement:
”Megabit memories are the minimum size needed to collect the statistically significant and meaningful data on yield, endurance, speed and data retention that are essential for high-volume memory makers to make informed decisions.”
ie only once they have acquired statistically significant data will the big players consider making a move.
So an announcement saying ‘next stop is the megabit chipset’ would be very positive and, given that integration with the IMEC chip has been touted as being straight forward, should represent a significant derisk (and hopefully a decent re-rate of share price).
there’ll still be some waiting for the end game, but it will start to feel increasingly inevitable
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