I noticed this slide too. However, I thought it is more like the role of AXE in the whole chain. Clearly, AXE mainly focuses on the R&D part. I'm more looking forward to seeing a research path actually, but I can fully understand this is a process of figuring things out as you go along.
Ann: Goldman Sachs Emerging Tech Series Investor Presentation, page-5
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| AXE (ASX) Chart |