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Accelerating Progress with Commercial Deals

October 2024 Investor Presentation

Introduction

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Weebit Nano Proprietary

Weebit: Leading Vendor of ReRAM IP

Advanced Non-Volatile Memory (NVM) Now Entering Production

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Founded: 2015

Located: Israel & France 50 personnel[(1)] (90% engineers/scientists; 13 PhDs)

Business model

IP licensing to semiconductor companies & fabs

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Multiple commercial deals AU $1million revenues received Ongoing discussions & evals with >12 foundries & customers

Fast-growing markets Edge AI, automotive, microcontrollers, power management/analog ICs…

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ASX: WBT

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R&D partner

CEA-Leti, a leading microelectronics research institute

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Proven, protected technology Fully qualified per JEDEC; available for chip designers; 50+ patents & applications

S&P/ASX 300

Global Small Cap Index

Source: https://www.mordorintelligence.com/industry-reports/non-volatile-memory-market
(1) Includes employees and full-time contractors

Semiconductors Represent an Incredible Opportunity

Semiconductors are everywhere, driving world markets

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Most of the world’s top companies design or make semiconductors[2] 1. Microsoft 2. Apple 3. Nvidia 4. Alphabet 5. Amazon 6. Meta 7. TSMC 8. Berkshire Hathaway 9. Eli Lilly 10. Broadcom

(1) https://www.mckinsey.com/~/media/mckinsey/industries/semiconductors/our%20insights/mckinsey%20on%20semiconductors%202024/mck_semiconductors_2024_webpdf.pdf (2) By market cap as of June 30, 2024. https://en.wikipedia.org/wiki/List_of_public_corporations_by_market_capitalization

Investment in Semiconductors Ramping up Globally

A growing opportunity for IP solutions

A record number of new fabs are coming online over the next couple of years[1]

Fab costs are skyrocketing; even the largest product companies license IP and use foundries[3]

Samsung Taylor, 3nm; $25B

SEMI World Fab Forecast : 109 new fabs worldwide expected to come online 2022-2026

$800B semiconductor fab investments 2021-2023[2]

https://www.semi.org/en/blogs/semi-news/global-semiconductor-industry-driving-%241-trillion-and-beyond-together 2. https://www.semi.org/sites/semi.org/files/2023-11/14%20Pierre%20Cambou%20Yole%20NEW%20NEW.pdf

https://www.artisanpartners.com/content/dam/documents/insights/vxus/Insights-The-Semiconductors-Decade-vXUS.pdf?trk=test

Strong Board With World-renowned Semiconductor Industry Experience

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David (Dadi)
Perlmutter Dr. Yoav Atiq Raza Naomi Simson Ashley Krongold Coby Hanoch
Nissan-Cohen NON-EXEC. NON-EXEC. NON-EXEC. CEO
CHAIRMAN NON-EXEC. DIRECTOR DIRECTOR DIRECTOR DIRECTOR
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Strong & Experienced Management

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Coby Hanoch Ishai Naveh Ilan Sever Amir Regev Issachar Eran Briman Alla Felder
CEO CTO VP R&D VP QUALITY & Ohana VP MARKETING & CFO
RELIABILITY CRO BUSINESS DEV.
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The ReRAM Difference

ReRAM is the Emerging Memory Best Positioned to Lead the Next NVM Wave

		eFlash	MRAM	PCM	ReRAM	Weebit is the only independent provider of qualified ReRAM We can license our technology to any fab We can customize Weebit ReRAM per customer requirements*
Reliability	High-temp reliability Radiation immunity EMI immunity


Performance	Low power consumption Fast programming High endurance


Cost	Production cost Contaminating materials Small module size


Maturity	Mature technology

Except US blacklisted

Copyright 2024 Weebit Nano, Ltd. 8

Recent Achievements

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Weebit Nano Proprietary

Significant Progress in Last 12 Months

As of Sept. 2023

As of Sept. 2024

1 commercial deal
Engaged with a few foundries and IDMs

Business

Engagements

2 commercial deals
Evals with >20 foundries/IDMs/fabless cos worldwide
Partnering with Efabless
Extending China ecosystem
Pre-revenue

Revenue

>A$1million revenues received
Added CRO Issachar Ohana and expanding sale org.
130nm: 2 full qual
28nm: demo Process Nodes/
• 1xnm: Several FinFET nodes Qualifications
demonstrated
Automotive Grade 1 qual
Only independent provider with qualified ReRAM
130nm: 4 full quals; 1 new tape-out (DB HiTek)
28nm/22nm: Demos and reliability results, ongoing
1xnm: Evaluations continue
Automotive: Grade 1 qual; Grade 0 demo

Proceeding Towards Qual with Second Foundry to Adopt Weebit ReRAM

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A global top-tier foundry HQ in South Korea
One of world’s top-tier foundries for analog & power ICs
Annual revenue of US$1.3 billion

DB HiTek licensed Weebit ReRAM for customer integration Targeting 130nm BCD process – ideal for many analog, mixed-signal and power designs; applications in consumer, industrial and IoT

DB HiTek’s 100s of customers will have access to Weebit ReRAM Customers include Intel, Mitsubishi, Sony and Qualcomm Taped-out ReRAM module as part of technology transfer process Weebit ReRAM is available now to select DB HiTek customers for design prototyping ahead of production Next step: Qualify towards volume production in mid-2025

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Above: a DB HiTek plant

Weebit ReRAM on GF 22nm FD-SOI Wafers

Live demo of ReRAM module prototype on GlobalFoundries’ 22FDX® wafers

Highlights some of the many advantages of Weebit ReRAM E.g., scalability, low power, speed

Shows ReRAM is a viable solution in this advanced geometry where embedded flash can’t scale

Demo very well received by the market

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Showing positive pre-qual performance results

Watch the live demo!

https://www.youtube.com/watch?v=sEHRQVueS-s&t=6s

Characterization and qualification activities continue

IP Business Model

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Process IP
Foundry
License + NRE $
$ $
Royalties
$
$ $
Paid directly to Weebit
or through Foundry
Product
Company
Royalties Design IP
Royalties License + NRE
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Benefits of IP Model

Low COGS

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Direct costs are associated with supporting and maintaining IP No inventory

High gross and operating margins

Once IP is created, it gets sold multiple times Royalties go directly to the bottom line

Every Foundry Deal Represents Multiple Customer Opportunities

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FOUNDRY FOUNDRY
Coming Coming
Soon Soon
FOUNDRY FOUNDRY
 Product Company
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Huge Opportunities Ahead

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Weebit Nano Proprietary

Addressing Fast-Growing Semiconductor Markets

$207.17 Billion TAM in Customer Markets

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Power Management ICs Automotive Semiconductors
$61.7B by 2032 $84.3B by 2028
Mixed-Signal
6.9% CAGR 11.9% CAGR
Power Management
Automotive
Semiconductor Aerospace
IoT Microcontrollers IoT / MCUs & Defense A&D Semiconductors
$11.15B by 2029 Markets $12B by 2030
12.77% CAGR 9.5% CAGR
Edge AI
Implantable,
Edge AI Chips Semiconductors in Healthcare
Hearables,
$25.2B by 2033 $12.82B by 2029
Disposables
26.5% CAGR 11.4% CAGR
Copyright 2024 Weebit Nano, Ltd.
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Sources: IMARC Group Nov 2022; Market Data Forecast June 2024; Market.us July 2024; Yole Group Oct 2023; Market Research Future Nov. 2023; Mordor Intelligence

The Growing Opportunity for ReRAM

Embedded ReRAM growing rapidly across numerous applications

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1,200 $1,000
Total Embedded ReRAM Market
$900
1,000
$800
$700
800
$600
Units: 75% CAGR
600 $500
Revenues: 177% CAGR
2023-2029 $400
400
$300
$200
200
$100
0 $0
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Total Embedded ReRAM Market (in M units) Total Embedded ReRAM Market (in $M)
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Note: The embedded emerging NVM market size is evaluated based on assumptions of the average chip area occupied by a given memory technology (Yole)

Source: Emerging Non-Volatile Memory report, Yole Intelligence, 2024

The Transformation of the Embedded NVM Market

The market has transitioned over the last 1-2 years, and today it is clear to everyone that ReRAM is it!

2022 – The Transformation Begins

2023 – Broadening Applications

Automotive MCU 28nm 2023 – Market Momentum Power Mgmt. Infineon & TSMC NVM 2024 – A Clear Shift TSMC ReRAM TSMC Trusted supplier Roadmap The Future TSMC roadmap ReRAM qualified Down to 6nm Power Mgmt. Weebit & moving from NVM ReRAM becoming MRAM to ReRAM SkyWater Shipping to the de-facto Weebit & Customers embedded NVM DB HiTek Shipping to TSMC: STMicro, standard Customers others IoT & Mobile TSMC: Nordic, MCU NVM Nuvoton TSMC; UMC

Source: Emerging Non-Volatile Memory report, Yole Intelligence, 2023 and 2024; Internal company information

ReRAM to Drive Innovation for Edge AI and Future Neuromorphic Compute

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CPU I/Os
CPU I/Os
In-Memory-Compute
System SRAM
AI Engine
CPU I/Os System SRAM
NVM (ReRAM)
AI Engine
System SRAM
Future ReRAM-based
SRAM
Computing
AI Engine
ReRAM-based Near-Memory Systems: mimic brain’s behavior for fast
Compute: superior to DRAM real-time processing on massive
and SRAM-based alternatives
amounts of data
NVM (Flash) • •
Better cost, performance
More efficient synaptic weight
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Future ReRAM-based Neuromorphic Computing

Systems: mimic brain’s behavior for fast real-time processing on massive amounts of data

Better cost, performance and power; always-on availability
More efficient synaptic weight storage for NN calculations: 4X greater capacity than SRAM

Today’s 2-chip solution External NVM holds weights Weights copied into SRAM

Eliminates external NVM
Three orders of magnitude (x1000) better energy efficiency
Wasteful in terms of size & cost
Prohibitive power

We’ve Got What it Takes

State-of-the-art ReRAM requires intimate cooperation between the different disciplines Precise characterization and rigorous testing ensure continuous improvements

Test and characterization team enables fast adjustments  higher reliability/yield Advanced lab in-house enables very short loop

A focused, experienced, management team is critical

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Device
Digital Design
Process
& Algorithms
Analog
Design
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What’s coming next?

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Weebit Nano Proprietary

Progressing with Foundries, IDMs and Product Companies

In different levels of evaluation/negotiation with most of the top foundries and IDMs Increasingly moving from technical evaluations to business discussions

Leading Foundries and Integrated Device Manufacturers*

Making progress with product companies

Increased selective activity with China ecosystem

Expect to sign more agreements in 2025

Applying as a partner for government funded projects

Infineon STMicroelectronics XMC Samsung Analog Intel Hua Hong TSMC Devices Group DB HiTek Tower PSMC onsemi Nexchip VIS NXP Denso UMC Bosch SMIC Sony Microchip Renesas Texas Winbond GlobalFoundries Instruments

Sources: TechInsights, Statista, Trendforce, internal company information

Weebit Nano Key Targets for CY 2025

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Fabs Products Qualification
Three new Three new Complete
licensing agreements with qualification at
agreements product companies DB HiTek
Delivering on these milestones will continue to cement Weebit’s position
as the leading independent provider of ReRAM technology
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Disclaimer

This presentation contains certain statements that constitute forward-looking statements. Examples of such statements include, but are not limited to, statements regarding the design, scope, initiation, conduct and results of our research and development programs; our plans and objectives for future operations; and the potential benefits of our products and technologies. In some cases, forward-looking statements can be identified by the use of terminology such as “may,” “will,” “expects,” “plans,” “anticipates,” “estimates,” “potential” or “continue” or the negative thereof or other comparable terminology. These statements involve a number of risks and uncertainties that could cause actual results and the timing of events to differ materially from those anticipated by these forward-looking statements. These risks and uncertainties include a variety of factors, some of which are beyond our control. All forward-looking statements and reasons why actual results may differ are based on information available to us when initially made, and we assume no obligation to update these forward-looking statements or provide reasons why actual results might differ or the information set forth herein.

In addition, we do not make any representations or warranties, express or implied, with regard to the information included in this presentation of any other related document or information disclosed or furnished in connection thereto, including, without limitation, with respect to the accuracy, reliability, completeness or its sufficiency for any particular purpose. This information is proprietary and confidential of Weebit and is provided on a confidential basis and may not be disclosed or used without our prior written consent. You acknowledge that the disclosure and use of the information may be further prohibited under applicable securities or other laws.

This presentation is made for informational purposes only and does not constitute an offer to sell any interest in Weebit not does it form the basis of any contract or agreement between the parties.

Third party data

This presentation includes or is otherwise based on information obtained from publicly available information including industry analyst firms and other information publicly released by corporations and government departments. Weebit has not independently verified or audited this information. Accordingly, the accuracy and completeness of such information is not guaranteed. This data has been accurately reproduced and, as far as Weebit is aware, no facts have been omitted that would render the information provided inaccurate or misleading. Investors should note that market data is inherently predictive and subject to uncertainty and is not necessarily reflective of actual market, industry and macroeconomic conditions. Specifically, there is no assurance that any of the forecasts or projections will be achieved. Forecasts and projections involve risks and uncertainties and are subject to change based on various factors, including those discussed above.

Thank You! www.weebit-nano.com

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AI assistant

WEEBIT NANO LTD — Investor Presentation 2024

66042_rns_2024-10-24_7d20cc18-f205-49a6-92ab-7352c780d334.pdf

Accelerating Progress with Commercial Deals

Introduction

Weebit: Leading Vendor of ReRAM IP

Advanced Non-Volatile Memory (NVM) Now Entering Production

Founded: 2015

Business model

R&D partner

Semiconductors Represent an Incredible Opportunity

Semiconductors are everywhere, driving world markets

Investment in Semiconductors Ramping up Globally

A growing opportunity for IP solutions

$800B semiconductor fab investments 2021-2023[2]

Strong Board With World-renowned Semiconductor Industry Experience

Strong & Experienced Management

The ReRAM Difference

ReRAM is the Emerging Memory Best Positioned to Lead the Next NVM Wave

Recent Achievements

Significant Progress in Last 12 Months

Business

Proceeding Towards Qual with Second Foundry to Adopt Weebit ReRAM

Weebit ReRAM on GF 22nm FD-SOI Wafers

Live demo of ReRAM module prototype on GlobalFoundries’ 22FDX® wafers

Watch the live demo!

IP Business Model

Benefits of IP Model

Every Foundry Deal Represents Multiple Customer Opportunities

Huge Opportunities Ahead

Addressing Fast-Growing Semiconductor Markets

$207.17 Billion TAM in Customer Markets

The Growing Opportunity for ReRAM

Embedded ReRAM growing rapidly across numerous applications

The Transformation of the Embedded NVM Market

2022 – The Transformation Begins

ReRAM to Drive Innovation for Edge AI and Future Neuromorphic Compute

We’ve Got What it Takes

What’s coming next?

Progressing with Foundries, IDMs and Product Companies

Weebit Nano Key Targets for CY 2025

Disclaimer

Third party data

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