Running discussion on SP, page-6805

With regard revenues,

while the “mass” revenues may be three years away, as Coby emphasises, signing up the tier 1 fabs “ensures” these revenues are “locked in”! ie the reason a tier 1 signs is because they know they have customers that crave having ReRam - they make their revenues from mass production and they do their due diligence as they have a huge opportunity cost in foregoing current production to set up the process over a lengthy time.

I think of it as a mine locking in an off-take arrangement prior to entering production. Ie an off-take with 5-20 of the Fabs most highly rated and progressive customers! Skywater (not being a tier 1 has seen a few hiccups but they will get their act together and have some very exciting customers).