Running discussion on SP, page-12210

Thanks for your pass at things. I am somewhat concerned at present we have thrown away a pipeline of opportunity across multiple fronts to focus on one customer (auto?), in one sector (auto?) through 1 approach (embedded) with one fab (DB Hitek) with one geometry ( 120nm) that ignores the inherent advantages of WBT's tech over flash and MRAM.

Communication on our arrangements with Leti, our work on discrete and our moves to scale that Flash can't get to have almost dried up. I can't see where we have made any kind of decisive action on below 40nm or at least news has been sparse on it. Where is the GF results. Management don't report on 3/4 of the things they said they were going to do in the last cap raise.

We've been told foundries are queuing up and excited, but we've really not had any new action since the start of the year that I can see. Until I see a real signed commitment below 40nm, I remain underwhelmed. Big fanfare of GF at 22nm but I can't see signs of any kind of commitment to get it in their embedded portfolio. What is the exact relationship here.

Flectional, you say there is a lot of info out there. I am simply not seeing it.

I had a very simple view of how Weebit proceeds. We develop the selector to allow us to scale. Hit the discrete NOR market first to get a foothold, then scale into Flash space with Leti joined at the hip. I really think embedded killed Adesto since the lead time on foundry readiness is several years and you have no control at all on what they push to their client base. it's definitely needed, but the discrete path gave us contingency. Now we are sitting several years down the track with one useful foundry (at the wrong geometry for the broader market) and no clear backup I can see.

Anyway. I expect it's still a good investment, but this path I believe is riskier and less likely for the technology to deliver on the stated destiny.