Weebit Nano (WBT) Investor Update summary

Market Opportunity and Technology Focus

• Targeting the global semiconductor market projected to reach $1 trillion by 2030, with a focus on non-volatile memory, specifically ReRAM, and addressing a $207.17 billion TAM across multiple sectors.

• Embedded ReRAM market is forecasted to grow at a 75% CAGR in units and 177% CAGR in revenue from 2023 to 2029.

• Positioned as the only independent supplier of qualified ReRAM, able to license technology to any fab and customize for customer needs.

• ReRAM offers high reliability, radiation and EMI immunity, low power, fast programming, and cost advantages over eFlash, MRAM, and PCM.

• Holds over 50 patents and applications, with technology fully qualified per JEDEC standards.

Commercial Progress and Partnerships

• Achieved two commercial deals and over A$1 million in revenue, with evaluations ongoing at more than 20 foundries and IDMs worldwide.

• Partnered with DB HiTek for 130nm BCD process integration, with ReRAM available for prototyping and volume production qualification targeted for mid-2025.

• Demonstrated ReRAM on GlobalFoundries' 22nm FD-SOI wafers, showing scalability, low power, and speed advantages.

• Added new customers and commercial deals, including Ohana, and expanded into the China ecosystem and collaborations with Efabless.

• Progressing with leading foundries and product companies, expecting more agreements in 2025 and applying for government-funded projects.

Geographic Strategy and Market Challenges

• While China remains important, current focus is on US, European, Korean, and East Asian companies due to geopolitical tensions.

• Semiconductor manufacturing is highly complex and capital-intensive, with significant barriers to entry.