This is 25% of my notes . I will get the rest down tomorrow . My daughter had a Data science problem took out 6 pm to 9 pm for me.
Notes onCoby Hanoch’s WBT presentation 13/3/2023Automic level 5 126 Phillip street Sydney 12.30 to 1.30 pm .
-Present- 74 People.
Coby’s slidedeck (SD) was …the February Notes of announcement 27/02/2023 Weebit US Roadshow
SD was slightly altered with MSCI ( Morgan Stanley Capital Index) index and ASX (Australian Stock eXchange) 300 inclusion ( it was dated Feb 2023) and had on “Slide2 Who we are “ the MSCI and ASX 300 in the top right hand top corner.
Coby said “ it wasgreat that the index funds were looking at us”.
Slide 2 Who we are : Coby made the observation that Non VolatileMemory (NVM) was growing to $ 124 Billion by 2027.
Slide 3 World-renowned leadershipCoby glossed over the leadership because he had seen so many of the same faces within the room he believed
everyone there had done enough research to know who was in the Weebit team.
“Slide 4 Memory at theforefront of global investment in semiconductors “- Coby talked about Semi-Conductor space in turmoil
Demand being constantlyrising.
But supply in catchupas fabs try to get the wafers out at full capacity.
18 months ago (September 2021) Coby was not getting traction with Fabs as they were too busy with Supply chain shortages Now (March 2023) Fabs have more time to engage with technology firms like Weebit.
He stopped andsaid it was asked a lot of times today if WBT was invested in Silicon ValleyBank (SVB) . “All funds are deposited at Westpac– all 40 million at Westpac”.
Slide 5 WeebitReRAMmemory has inherent advantages vs. Flash memory
Coby glossedover and said the room would know why Weebit was better than Flash memory
He then moved toSlide 6 ..Weebitis addressing both segments ofthe Non-VolatileMemory market
Here Coby madereference to 3 terms whilst slide had only 2 .The 3 goals with time frames wereas follows
| Short term | Medium term | Long term |
|---|
| 1 | Embeded | Standalone | Neuromorphic |
|---|
Slide 7 Embedded ReRAM market segment–approachingthe tipping point
Therewas a lot of talk about this slide. It is the potential Market size.
Cobythinks the 33% will be revised upwardsby YoleMicrocontroller (MCU) Market in 2023revision.
Its only for royalitesin the embedded market which in total is 927 m in size by 2027.
I noted thatthe slide has …
Thisestimate is solely based on the embedded NVMwithin the
MCU market
Does NOT account for:
•Othertarget markets apart from embedded MCU market
•Up-front license/use fees
•NRE(non-recurringengineering) fees
•Fab transfer fees
•Revenuesfrom discrete ReRAM products
Coby’sgot a question from the floor about MRAM versus Reram . MRAM is in the market
Coby’sanswer was contained in the following table
| MRAM | Reram |
|---|
| 1 | Increased memory than flash | Inc memory than falsh |
|---|
| 2 | Decreased power usage than flash | Decreased power usage than flash |
|---|
| 3 | Endurance better than Reram |
|
|---|
| 4 | Cost higher than Reram 30% to 50% to wafer cost | 10%-20% to wafer cost |
|---|
| 5 | Need separate facility | Uses standard Foundry equipment and tooling |
|---|
| 6 | Subjected to Magnetic interference that might come from anywhere | Magnetically stable |
|---|
Cobywas asked for Revenue forecast from the floor..
Coby“Its not possible to give revenue forecasts” . Coby does not want to giveanything other than a serious revenue forecast .
Slide8 Foundry-centricIP business model for embedded market
Coby has 2 Businessmodels in mind .He described the 1st business model as drawn. Using Foundries as middle men This was for embedded and standalone.with Selector
He made mentionthat with defence contracts Skywater knows who the customer is exclusively.
The secondbusiness model was Weebit goin to the customer and providing wafers and usingfoundries as a supplier. He was happier promoting his own products in thisspace and more likely for standalone applications.
Slide 9 Discrete market segment opportunity.
Coby thought he could address” EPROM and NoR Flash markets as smaller and older markets that Reram offered solution for short term.”
Coby said “99%of Ditigal devices needed NVM” , “ 124 Billion is the Whole Market.” “Weebit isgoing to grow into that market. “
Wee bitdeveloped this tech with Leti .
Coby was askeda question that “Weebit had already qualified with Skywater ?”
Coby said thatwas not the case
Coby Describedthe qualification process.
It has to berepeatable and consistent.
The tests areusing proxies. It is not possible to bring a product quickly to market if youhave to wait 10 years for a result. So for instance you need to have you memorystabile at 170 degrees Centigrade for 5000 hours to pass the 150 degrees Centigradefor 10 years test.
First test wasto have 130 nm at 85 degrees pass with Skywater.
This made the Bigfabs take notice.
Thats till about 12.45 pm .. I need some sleep do the rest tomorrow.
(20min delay)