Presentation
Released
Released
Announcement PDF
Transformational
Semiconductor Solutions
for Generative AI, Data
Centres, Cybersecurity
And Beyond
Presentation – October 2024
Disclaimer
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This information in this presentation should be read in conjunction with the Indicative Terms in the Appendix and the Company’s announcement dated 23 October 2024 (Announcement). The Company is optimistic about
concluding the binding share purchase and for the Company proposed acquisition of 2D Generation. However, the Indicative Terms remain subject to negotiation by the parties and the execution of the binding share
purchase agreement. Completion under the share purchase agreement will be subject to a number of conditions, including due diligence, as set out in Appendix. No binding agreement has been reached at this time and
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contingencies.
Compelling AI and Semiconductor Thematic
Transformational AI and
Semiconductor
Opportunities
Surge in Defence and
Cyber Security Activities
Proposed Acquisition of
leading semiconductor IP
business –
2D Generation
Expansive growth in the
defence and cyber security
sectors has generated
significant opportunities
Reliance on Data
Centres to Enable High
Performance Computing
Leveraging Demand
for Our Services
Sustained Revenue
Growth
Amplified by generative AI,
driving demand for
specialised semiconductor
products and technological
services
Our expertise in cyber threat
protection, regulatory
compliance, and IT security
management is more
relevant than ever
Continuously enhancing
products to meet demand in
high-growth sectors,
fostering long-term client
reliance in our data security
ecosystem
Enabling the next generation of high-performance, energy-efficient solutions for AI and data centres.
2D Generation is partner in the EU’s ConnectingChips consortium with research partners
including NVIDIA, IMEC, Valeo, Applied Materials, NXP, and Unity
|3
Rapid Industry Expansion
Dedicated to taking advantage of the explosive
growth of AI and semiconductors by applying AI1's
learnings in data centres, AI and cybersecurity:
•
Advances are at breakneck speeds and
investment is skyrocketing. The AI market will
total USD 15.7 trillion by 2030 with an annual
compound growth rate of 26.4% from 2020 to
2027. 1
•
In 2023, the annual global spend on data
centers surpassed US$200 billion2 with 2 new
data centres being built every day.
•
Demand for solutions powering AI is soaring.
•
Compromising energy supply globally.
1.
2.
https://www.pwc.com/gx/en/issues/artificial-intelligence/publications/artificial-intelligence-study.html
https://www.gartner.com/en/newsroom/press-releases/2024-07-16-gartner-forecasts-worldwide-it-spending-to-grow-7-point-5-percent-in-2024
|4
The Biggest Age of Computing…..Comes at a Cost
Why we need the next generation of semiconductor technology in three graphs
This explosion of data and generative AI being applied to it means more
efficient semiconductors are critical for industry growth.
|5
What is an ‘Interconnect’?
2D Generation’s innovative technology centres
around the aim of improving the performance and
capabilities of the interconnect.
•
An interconnect in a semiconductor refers to the
conductive pathways that connect different components
or regions within an integrated circuit (IC).
•
These interconnects are crucial for the functionality of the
IC as they facilitate the flow of electrical signals between
transistors, capacitors, resistors, and other elements on
the chip.
•
Interconnects can be made of various materials, typically
metals like aluminium or copper, and they can be
implemented in different layers within the semiconductor
structure.
•
As ICs have become more complex, with smaller and more
densely packed features, the design and materials used
for interconnects have evolved to address issues such as
resistance, capacitance, and signal integrity but have
reached scalability limitations.
|6
Enabling ‘More Moore’
“With each new technology generation, routing congestion and a
dramatic signal delay (resulting from an increased resistancecapacitance (RC) product) become more and more problematic…”*
•
For advanced process nodes, the ‘Interconnect’ is a bottleneck:
•
Limiting clock and data transfer rates… ‘FORCED SPEED LIMITATION’
•
Consumes a lot of power… ’COMPETING FOR ELECTRICITY’
•
Major source of heat generation… ‘ADVANCED PREFORMANCE CAN BE ACHIEVED. MANY
MORE TRANSISTORS CAN BE ADDED’
•
"To continue scaling beyond the 2nm node, major breakthroughs in interconnect and contact
design, as well as process technologies, are necessary.” (Applied Materials website)
•
Graphene based solutions for the ‘INTERCONNECT’ are well defined, BUT UNTIL NOW THERE IS
NO VIABLE SOLUTION
•
From IMEC’s paper on Graphene for interconnects in 2021:
“While this study focuses on graphene transfer, a more ‘elegant’ way of depositing graphene
would be direct growth on the metal template of interest. Growing high-quality graphene
requires however high growth temperatures (900-1000°C) and can as such not be applied on
interconnect-type of metals.”
+ Moore's Law is the principle that the speed and capability of computers can be expected to double every two years, as a result
of increases in the number of transistors a microchip can contain
* https://www.imec-int.com/en/articles/promise-hybrid-graphenemetal-structures-advanced-interconnects
|7
Atomic Layer Deposition
Despite efforts, significant breakthroughs in this domain are still elusive
• The Atomic Layer Deposition (ALD) market is experiencing substantial growth. Major industry
players, such as ASM International NV (ASMI), Applied Materials Inc. (AMAT), Tokyo Electron
Limited (TEL) and Lam Research Corporation (LAM), have dedicated R&D teams focusing on
Plasma Enhanced Chemical Vapor Deposition (PECVD), particularly for graphene deposition.
• Enter 2D Generation. With its groundbreaking innovation enabling in-situ ALD graphene deposition
at low temperatures, 2D Generation is positioned uniquely within the industry. This focus on
graphene integration sets 2D Generation apart, presenting a disruptive potential that could
reshape the landscape of semiconductor manufacturing.
• The interconnect field emerges as a critical technological barrier hindering industry progress.
Overcoming this challenge is perceived as the "Holy Grail" within the industry, promising
accelerated rates and continued miniaturisation. Industry giants recognize that the entity with a
viable solution stands to gain a substantial competitive advantage.
• This technological breakthrough holds the potential to revolutionise production devices, enabling
faster and more advanced chip manufacturing compared to competitors.
|8
2D Generation’s Advantages
✓ Unique and patented process
✓ Automic Layer Deposition (ALD) based
✓ Forming graphene directly on the wafer
✓ Use of patented precursors
✓ Low-temperature process at below 280°C (previously only possible at
1000 degrees) – a giant leap forward.
✓ Compatible with current manufacturing limitations – fab friendly
✓ An addition of a tethering group is designed to increase adhesion to
silicon oxide, metals, and other optional surfaces
✓ Can be applied using existing industrial processes and equipment – no
retooling.
|9
Reduced
Signal Delay
(RC Delay)
Enabling the Next
Generation of Chipsets
Enhanced
Thermal
Management
2DG’s patented
solution
addresses the
significant
challenges
facing the
industry
Improved
Signal
Integrity
Lower Power
Consumption
Higher
Density of
Components
| 10
2D Generation’s IMEC Agreement
Imec founded in 1984 is one of the world’s leading R&D hubs for nano
and digital technologies. Imec employs around 5,000 expert scientists
from more than 95 countries, unique infrastructure that includes a 2.5billion-euro 300mm semiconductor pilot line. Among Imec’s business
partners are most of the manufacturers, suppliers, and fabless
companies in the semiconductors industry including:
2D Generation has signed a strategic cooperation agreement with
Imec to validate the company technology in two aspects:
1.
Physical tests of the graphene coating of several materials (metals
and non-metals) and several usages (surfaces, structured wafers,
and diffusion barrier).
2.
Simulation to explore the benefits of the technology in a relevant
context for product applications.
| 11
2DG’s European Project – CONNECTINGCHIPS
ConnectingChips Collaboration
•
It is accepted throughout the semiconductor world that the next generation of artificial intelligence capable chips are critical to
advance AI. However, as it stands now, the semiconductor industry’s catchcry of 'more Moore's' is under threat.
•
The advance to further miniaturisation, i.e. lower energy and less heat is being curtailed by the current limitations of the
'interconnector'.
•
Interconnects are currently coated in metal, usually copper, gold, or aluminium. This inhibits miniaturization and the associated
benefits. It has been known industry-wide for some time that replacing metal with graphene is a viable solution. However, this
bonding process was only able to be done at 1000 degrees centigrade, basically cooking the chipset.
•
Enter 2DG's simple and elegant solution. 2DG uses an Atomic Layer Disposition machine, or ALD, to bond graphene to interconnects
at 300 degrees or less. This does not damage the chipset. The solution is recognised as critical to the industry, the semiconductor
industry.
•
It is so critical that 2D Generation is partnering with the likes of NVIDIA, Valeo, IMEC, Applied Minerals, NXP, and AIX-TRON via the
ConnectingChips Undertaking, a program run in the EU for the semiconductor industry focused on the next generation of AI
solutions.
2D Generation Key Objective’s
•
Leverages Graphene’s exceptional properties to improve semiconductor technology.
•
2DG will develop pioneering low-temperature ALD techniques for depositing Graphene directly onto semiconductor materials.
•
Enhances performance in interconnects, coatings, and capping layers, addressing impedance, resistivity, and heat dissipation
challenges
•
Leverage the relationships within the ConnectingChips consortium to the benefit of 2D Generation and AI1.
| 12
Working with the Best
•
Key Objective – “The CONNECTINGCHIPS ambition is to establish the next generation of AI computing and autonomous
vehicles infrastructure based on SiP development.”
•
The high level objective of CONNECTINGCHIPS is the development of power efficient high performance electronic,
photonic, power, and RF chips and System on Chips (SoC) and their integration into System in Package (SiP) modules.
Project Scope:
Total budget: 110M€
Total European grant: 32 M€
Additional grants from the
country’s innovation authorities –
The Israeli Innovation Authority
doubles the European grant.
Partners: 65 top companies and
institutions (10 countries)
Start: Q1 2025
2D Generation requires a grant of
200K € from Horizon
Europe Chips (IA) + grant of 200K
€ from the Israeli Innovation
Authority (approved)
| 13
2DG Road Map: Significant Catalysts Delivering Value
Today
12/24
6/25
9/25
3/26
3/27
Pilot line in industrial Fab
Experiments on 2DG ALD tools
Feasibility (Partial MVP) –
Graphene in-situ deposition
using Atomic Layer Deposition
for advanced
solutions/applications
Demo, integration
and growth of 2D
graphene layers
onto Industrial
coupons and
patterned wafers
using low temp
conditions, up to
300°C
Feasibility (Full MVP) –
ALD in Pilot line (FAB)
Capping layer on Cu or Ru
Coupons 1cm*1 cm
Order new ALD tool
9/26
New ALD tool
installation and
implementation
Graphene in-situ deposition
using FAB ALD- 1ST LOT DOE
PROCESS TRANSFERWafer size
ALD run
Commercial
development
agreement with global
semiconductor
company with the aim
of securing license fees
going forward
| 14
Appendix: Intellectual Property
Four Patent Families:
1.
GRAPHENE COATED NON-METALLIC SURFACES, DEVICES AND METHOD THEREOF – directed to the
technologies used for conductive diffusion barrier, and other applications
2.
GRAPHENE COATED METALLIC SURFACES, DEVICES AND METHOD OF MANUFACTURE THEREOF –
directed to the technologies used for conductive capping layer, and other applications
3.
METHOD OF MANUFACTURE OF GRAPHENE COATED SURFACES BY ATOMIC OR MOLECULAR LAYER
DEPOSITION – directed to graphene manufacture by ALD
4.
GRAPHENE METAL COMPOSITE – directed to graphene layers interlayered with metal layers including
coatings of patterned surfaces
Each patent application is directed to four aspects of the invention:
1.
METHODS - novel processes for manufacturing the graphene coated surfaces
2.
MATERIALS – unique proprietary materials used in each process
3.
PRODUCT – exhibiting unprecedented properties and qualities of surfaces coated by graphene
4.
DEVICES – made of the product including interconnects, nano- electro mechanical devices and
transparent electrodes
| 15
2D Generation’s Strong Technological Team
Compliments AI1
ARYE KOHAVI
MIRI KISH DAGAN
CEO
Arye is an Israeli entrepreneur and innovator. He was the
founder, president & Co-CEO of Water-Gen, which
develops water-from-air and air dehumidification
technologies. Kohavi holds a MBA (Finance) and a BA in
Economics and Accounting, both from the Hebrew
University in Jerusalem.
Miri Kish - Dagan was the VP R&D and the CTO of Raicol
crystals that specializes in the manufacture of high-quality
nonlinear optical crystals and electro-optic devices. Miri
led the development from inception to prototype in
semiconductors, medical, military, and space applications.
•
•
•
•
•
Arye has been chosen as one of the world's 100
Leading Global Thinkers, and one of the world's top
innovators of 2014, by “Foreign Policy” magazine.
Water-Gen, founded by Arye, was chosen as one of the
World's 50 Most Innovative Companies, by “Fast
Company” magazine.
As part of Israel's 70th anniversary celebrations, the
Israeli Ministry of Economy and Ynet readers chose
Water-Gen as one of the “Nine Greatest Israeli
Inventions of All Times”.
Water-Gen's Genny was chosen as one of the world's
100 Best Inventions of year 2019,by TIME magazine.
PAUL RICH
VP R&D
Miri has over 19 years of experience with engineering
processing, technologies and R&D management in
fabrication and tool installation. Prior to Raicol, Miri
served at Suron as VP of R&D engineering, and in
various positions at Tower semiconductors.
•
Winner of the Pioneering Women Award for
groundbreaking achievements in the high-tech sector
given to her by the Israeli Hi-Tech Association and the
Manufacturers Association of Israel.
•
Miri received her MSc and BSc in Material Engineering
from Ben-Gurion University in Israel.
TECHNOLOGY LEADER
Paul Rich has more than 35 years of experience in the
semiconductor industry.
•
Paul was the Vice President for Technology and
Engineering at SPTS Technologies, where he managed
the product development team until December 2022.
SPTS develops and manufactures advanced wafer
processing solutions for the world's leading
semiconductor and microelectronic device
manufacturers.
•
Mr. Rich graduated from Bath University in 1987 with a
B.Sc in Physics. He has published numerous technical
articles and has several patents relating to plasma
processing.
| 16
2DG’s World Class Advisory Board
EPHIE KOLTIN
KEVIN CROFTON
Ephie has vast management experience in senior
executive positions; integration of complex systems
within – development, operations and business
strategy, in Israel and abroad.
23 years at TowerJazz Semiconductors as Business
Unit Manager, VP Business Development & Strategic
Marketing, Fab General Management, and COO.
Kevin has many years of experience in the
semiconductor industry. Today Kevin is the CEO of
the Comet Group.
2017 – PRESENT
Arkal Automotive, CEO
2015 –2017
Synergy cables, CEO
2014 –2016
Phoenicia Flat Glass Industries, Active Chairman
1993 – 2014
TowerJazz Semiconductors, From Process engineer
to COO
He has established himself in the semiconductor
industry in numerous awards and positions such as
the author of many important technical articles,
member and Vice Chairman of the SEMI International
Board of Directors and winner of the MEMS Industry
CEO of the Year 2013.
2020 – 2022
Comet Group (traded in SIX Swiss Stock Exchange),
CEO
2017 – 2020
Orbotech, Corporate EVP
2004 – 2014
SPTS Technologies (UK), currently part of KLA.
Several roles include EVP & Chief Operating Officer.
2014 - Present
President
| 17
Thank you
Contact Details
Blake Burton – Managing Director, AI1
investors@adisyn.com.au
David Tasker – IR / PR
dtasker@chapteroneadvisors.com.au
Arye Kohavi – CEO, 2D Generation
2DGeneration.com
Michael Shaw-Taylor – Corporate Advisor
mst@sandtoncapital.com.au
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