Ann: Consolidation/Split - WBT, page-46

Seems an over reaction to me, but keep in mind that we still have the seed investors likely still offloading which might have exacerbated the drop.

All the announcements so far are building Weebit into a real semiconductor company. Unfortunately the sp is a huge disparage to the progress that Weebit is making and there are many reasons for it.

I see people are still expecting THE partnership announcement - that is, a major collaboration with a major semiconductor company the likes of Intel that will shoot us to the moon. This may yet still happen but the way things are shaping up I think Weebit will be a ReRam company with or without a major partner coming in. What's to say we can't outsource the manufacturing of our chip to another company? It's not exactly a partnership but once a customer is secured the chip WILL be made. Remember we will be fab ready by next year. Many cutomers could be signed up by then, a fab could be chosen or a major partner could be onboarded. As mentioned, with our flexible design we can be compatable with many fabs. The Silvaco partneship is more important in securing customers than the market realises.

The collaboration with institutions for neuromorphic computing may not seem much at the moment but this needs to be done in ernest if Weebit were to become a major player in the field. Bill Gates have said that if you can build a computer that can think - it will be worth 10 Microsofts. Neuromorphic computing is the future. So far it is software based but a hardawre can't be built quick enough. And ReRam is the best candidate.