WBT 0.00% $1.87 weebit nano ltd

They have been talking to companies in the US, Europe, Korea,...

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    They have been talking to companies in the US, Europe, Korea, China etc. but I don’t think he said anything explicit about talking with Samsung. The part I think you are referring to is when he said they have been talking to companies in China, in general. I think you are referring to 1:40:10 when he was talking about the China opportunity (China has been investing massively into growing their semiconductor capabilities and becoming self sufficient) and said something like:


    “When you look at their imports of semiconductors to China, you can see that the two largest imports are from SK hynix and Samsung. These are basically memory companies. Hynix is totally memory Samsung’s largest product by far is memory. That’s the big need they have so when they see Weebit they are really excited about our technology as soon as we started to talking to people there and we already announced a couple of companies that we are working with, with XTX more on the discrete side and SIEN which is a fab and a design company. There are others that we are talking to. It is really exciting to see this huge opportunity and they really want to have more advanced memory technology, so we are very happy to be talking to them."


    I think we should expect the first partnerships and commercial agreements to be with tier two players as this is going to be the fastest route to commercialization. We probably won't hear anything about working with a tier one player until much later. A tier one player would need things like the 300mm/28nm and other activities to be completed which are longer term goals of Weebit.

    The companies Weebit have already been working with are impressive in and of themselves even if they aren't tier one players like Samsung. These companies are:

    • a tier two Korean partner. This is who the memory module work is being done for. They are a big company even though they are tier two. Coby has said before that if their name was mentioned people in the semiconductor industry would recognize it. One massive advantage of this partner is that they have their own fab. This is important because when you are doing an embedded deal there are three players. There is the IP provider which is Weebit. There is the customer that wants to embed the memory in their chip and then there is the fab where you need to manufacture. So, you need to get all three parties aligned. Because they own their own fab Weebit only has one party to deal with which is a massive advantage.
    • SiEn with which Weebit has signed a LOI to jointly investigate ways in which Weebit’s technology can be used in SiEn’s products. SiEn was founded by Dr. Richard Chang known as the "father of the Chinese semiconductor" and founder of China-based Semiconductor Manufacturing International Corporation (SMIC). Coby has said this about SiEn: "Today there are dozens of fabs under construction in China, but SiEn’s fab is the only one taking the CIDM approach given Richard’s vast experience and knowledge of the market, allowing SiEn to bring together the design and fabrication processes, so instead of working with two separate entities, we can just focus on SiEn," Dr Chang said: “Our production line will be based on STMicroelectronic technology, similar to that used by Leti, making the technology transfer simpler, and is expected to bring forward the time required to bring products to market.”
    • XTX who have a lot of customers worldwide including some of the biggest players. They are a leading provider of flash memory chips, providing a variety of different Flash-based NVM solutions to approximately 2000 semiconductor customers globally. In December 2019, a joint testing program of Weebit’s technology at XTX facilities successfully reproduced the technical parameters previously achieved on Weebit’s ReRAM technology with Weebit’s partner Leti.
 
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