Adisyn Ltd (ASX: AI1) (“Adisyn” or the “Firm”) is happy to announce, additional to its earlier announcement on 23 October 2024, that it has now entered right into a binding Share Buy Settlement (“SPA”) to amass 100% of the issued share capital of 2D Technology Ltd (“2DG or 2D Technology”) (“Acquisition”).
Acquisition to seize huge alternatives with 2D Technology’s semiconductor know-how and the Connecting Chips European Union Joint Enterprise, which incorporates companions NVIDIA, Valeo, and Utilized Supplies.
Highlights:
- Adisyn has entered right into a binding settlement to amass 100% of semiconductor IP enterprise, 2D Technology
- Adisyn will leverage 2D Technology’s progressive semiconductor answer to generate alternatives in AI1’s goal markets together with defence purposes, information centres and cybersecurity
- 2D Technology’s semiconductor IP is a crucial development in semiconductor know-how that can allow the subsequent technology of generative AI and semiconductor options for information centres and past
- The semiconductor market is prospering as the info and computing energy required for generative AI continues to develop exponentially – with the acquisition of 2D Technology, Adisyn can be properly positioned to learn from this important technological alternative
- 2D Technology is a accomplice within the EU’s Connecting Chips Joint Enterprise with analysis and innovation companions together with NVIDIA, IMEC, Valeo, Utilized Minerals, NXP, and Unity
- Completion of the beforehand introduced $3m (earlier than prices) capital increase
AI1 entered right into a Collaboration Settlement with 2DG, a semiconductor IP enterprise, as introduced on 15 July 2024. The businesses have since continued to work collectively and recognized important alternatives to leverage 2D Technology’s semiconductor options and trade relationships to reinforce AI1’s providing in its goal markets, in addition to leverage one another’s enterprise companions to enhance market penetration.
Adisyn is delighted to advise that the businesses have reached binding phrases for AI1 to amass 100% of the issued share capital of 2D Technology Ltd. The important thing phrases of the Acquisition are included in Annexure A of this announcement (Share Buy Settlement Phrases). Completion of the Acquisition stays topic to satisfaction of assorted Situations Precedent outlined in Annexure A.
The Acquisition is a crucial transfer ahead for AI1’s providers companies for information centres, managed IT, cybersecurity, and generative AI. The Acquisition permits AI1 and 2DG to give attention to growing capital- gentle semiconductor IP options for the info centre, cybersecurity, and managed IT enterprise segments reasonably than competing within the high-capital expenditure (capex) infrastructure area. Based mostly on the Phrases of the Acquisition, Adisyn will have the ability to progress the event and commercialisation of 2D Technology’s distinctive Mental Property (IP).
2DG is a accomplice within the European Union’s Joint Enterprise, ConnectingChips, which has been particularly fashioned and funded to fast-track the subsequent technology of semiconductor chips to deal with generative AI’s ever-expanding processing necessities, want for pace, and decrease energy consumption. 2D Technology’s answer has the potential to considerably enhance the effectivity of information centres and generative AI options, as properly a spread of different real-world technological purposes. It’s typically accepted that the present technology of AI chips will attain their helpful limits by 2030 or sooner.
Capital Increase
As introduced on 23 October 2024, the Firm has acquired agency commitments to boost $3 million (earlier than prices) for an fairness capital placement, which was topic to the getting into into the SPA which has now been happy (“Capital Increase”). The location raised $3,000,000 (earlier than prices) by means of the problem of 60,000,000 Shares at a problem value of $0.05 every (Placement Shares) along with 1 free attaching Choice (exercisable at $0.075 inside 3 years of Challenge) for each 4 Shares subscribed for and issued, representing 15,000,000 Choices (Placement Choices).
The Placement Shares can be issued utilising the Firm’s present placement capability below Itemizing Guidelines 7.1 (36,351,000 Shares) and seven.1A (23,649,000 Shares), and can rank pari passu with present AI1 shares on problem. Allotment of the Placement Shares is anticipated to happen on or round 6 November 2024. The 15,000,000 Placement Choices can be issued topic to shareholder approval.
Background to 2D Technology’s Resolution
2DG have developed a patented answer permitting graphene coating at sub-300 levels centigrade, an achievement that has by no means been efficiently accomplished previous to 2DG. This opens the door to the subsequent technology of semiconductors able to additional miniaturisation, decrease energy consumption, much less warmth and better computational energy.
2D Technology’s progressive know-how centres across the purpose of enhancing the efficiency and capabilities of the interconnect.
- An interconnect in a semiconductor refers back to the conductive pathways that join totally different elements or areas inside an built-in circuit (IC).
- These interconnects are essential for the performance of the IC as they facilitate the circulation {of electrical} alerts between transistors, capacitors, resistors, and different parts on the chip.
- Interconnects might be made of assorted supplies, usually metals like aluminium or copper, and they are often carried out in numerous layers throughout the semiconductor construction.
The interconnect subject has emerged as a crucial technological barrier hindering trade progress. Overcoming this problem is perceived because the “Holy Grail” throughout the trade, promising accelerated charges and continued miniaturisation. Trade giants recognise that the entity with a viable answer stands to realize a considerable aggressive benefit.
Regardless of giant scale funding from main firms corresponding to ASM Worldwide NV (ASMI), Tokyo Electron Restricted (TEL), Lam Analysis Company and Veeco Devices, a big breakthrough on this area remains to be elusive.
Enter 2D Technology. With its groundbreaking innovation enabling in-situ ALD graphene deposition on the interconnect at under 300 levels Celsius. An achievement that has by no means been performed efficiently previous to 2DG. This give attention to graphene integration units 2D Technology aside, presenting a disruptive know-how that has the potential to reshape the panorama of semiconductor manufacturing.
2D Technology has demonstrated the deposition of graphene utilizing an Atomic Layer Deposition (ALD) machine. This technological breakthrough holds the potential to revolutionise manufacturing units, enabling quicker and extra superior chip manufacturing in comparison with rivals.
2D Technology is constant to develop the know-how with the purpose of commercialising by way of licences with one or a number of main semiconductor producers. In doing so, the developed applied sciences will purpose to align with AI1’s twin monitor technique of AI enablement and superior information centre and cyber safety options together with:
1. Modern AI Chips: The partnership will give attention to creating mental property for digital photonic energy and methods on chips (SoC) and their integration into methods in bundle (SiP) modules.
2. Excessive-Efficiency Computing: Purposes will goal AI, information centres, high-performance computing, and different digital industries, together with cybersecurity.
3. Environmental Impression: Addressing the scalability limitations and big vitality calls for of semiconductors to scale back societal and environmental prices.
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