RE:RE:RE:RE:RE:good news excerpts:
Q1 2020 revenues of $0, represents a significant decrease over the same quarter a year earlier.
A post-packaging silicon chip yield issue and resulting supply line disruption impacted revenue for the quarter. We have implemented and are testing process improvements and anticipate resuming limited shipping in 8 to 10 weeks, prior to a full production solution being developed to fulfil both todays orders and anticipated growth. Both are subject to new capital investment. The updated chip design and full production solution is in process. We anticipate, subject to funding, that these new chips could be delivered in 6 to 9 months and permit a resumption in the ramping of our product revenue.
Q2 2020 revenues were impacted by a yield and production issues with silicon which have resulted in supply line disruptions. We understand the issues and have defined a solution and this is being implemented.
Q3 2020 revenues were impacted by yield issues on silicon, which resulted in supply line disruption. We have identified the issue and are executing on a plan to migrate existing silicon designs to a lower cost, higher volume production process. Capital is required to complete the migration exercise.
Revenues were impacted by post-packaging yield issues on silicon which resulted in supply line disruption. The rate of yield improvement continues to be slower than expected. We have identified and understand the issue and have defined improvements. This implementation is still in process and will require investment.
Silicon Production Milestone: As a consequence of lower than expected yield and anticipated growth, we accelerated our Silicon Design and Production program and have achieved a significant milestone in producing the next generation of MCSR(tm) silicon. With additional capital, we anticipate moving to tape-out cost-optimized silicon later this year. Shifting to newer foundry processes and implementing design improvements are geared toward improving production yield, reducing cost, and increasing the performance of MCSR(tm) silicon solutions.
Silicon Production: As a consequence of lower than expected yield results and anticipated growth, we are accelerating our Silicon design and production. Capital and engineering resources are employed on this priority initiative but will require further investment. We have Initiated first phase of design improvements to our silicon technology with a major European vendor: During the reporting period, we completed the first phase of design improvements geared to establishing a platform for scale.
Silicon Production: As a consequence of lower than expected yield results and anticipated growth, we are accelerating our Silicon design and production. Capital and engineering resources are employed on this priority initiative but will require further investment. We have Initiated the first phase of design improvements to our silicon technology with a significant European vendor. Capital is necessary to complete the estimated final 5% of the exercise. The timing of completion will depend on when normal operations can resume as COVID – 19 restrictions are lifted.