MoSys Corporate Overview

Transcription

1 MoSys Corporate Overview Chet Silvestri May 1, Monolithic Systems Technology, Inc.

2 Safe Harbor Statement This presentation may contain forward-looking statements about the Company including, without limitation, benefits and performance expected from use of the Company s 1T-SRAM technologies.forward-looking statements are based on certain assumptions and expectations of future events that are subject to risks and uncertainties. Actual results and trends may differ materially from historical results or those projected in any such forward-looking statements depending on a variety of factors. These factors include but are not limited to, customer acceptance of our 1T-SRAM technologies, the timing and nature of customer requests for our services under existing license agreements, the level of commercial success of licensees products, ease of manufacturing and yields of devices incorporating our 1T-SRAM, our ability to enhance the 1T- SRAM technology or develop new technologies, the level of intellectual property protection provided by our patents, the vigor and growth of markets served by our licensees and customers, and operations of the Company and other risks identified in the Company s most recent annual report on Form 10-K filed with the Securities and Exchange Commission, as well as other reports that MoSys files from time to time with the Securities and Exchange Commission. MoSys undertakes no obligation to update publicly any forward-looking statement for any reason, except as required by law, even as new information becomes available or other events occur in the future.

3 Company Background Rich technology foundation 500 person years of research and development More than 80 U.S. & nearly 40 foreign patents Leader in high-density SoC embedded memory IP 1T-SRAM - Low Power and High Speed SRAMs Future IP developments in FLASH, imaging Safe choice for critical embedded memory IP 100,000,000 units shipped across 150 contracts Publicly traded on NASDAQ (MOSY)

4 Broadly Applied Consumer Markets Power Optimized Communications Markets Performance Optimized

5 SoC Manufacturing Challenge System on Chip = Memory Circuits + Logic Circuits Manufacturing Process : Memory Process Logic Process SoC Designers historically choose between Dense Logic or Dense Memory But not both

6 MoSys Technology MoSys enables low cost logic processes to be used for dense memory, enabling a breakthrough in cost, power consumption, and application flexibility

7 Our Technology Platform Process Independent Macro Platforms SRAM Interface Circuits TEC Error Correction Auto Refresh Circuits Wave- Pipelining Fabless Semi IDM s Memory Array Standard Macros License Custom Macros License Memory Template Development 1T/1C Bit Cell P Q Sense Amplifiers Charge Pumps MULTIBANK Reference Designs IDM Process Customization Process Independent Macro Platforms Underlying Technology: > 100 Global Patents

8 SoC Impact: Lower Cost Existing Production SoC Shrink SRAM Area, Reduce Power, Reduce total cost 6T SRAM 3:1 Area Reduction 1T 1 Mb 1T SRAM MoSys SRAM Result: Higher Margins at Lower cost, or Higher Volumes due to lower ASP

9 SoC Impact: Higher ASP, Margins Existing Production SoC Increase SRAM Density by 3X or Increase Logic Density X Mb 6T SRAM Memory Or Logic Density Increase New Logic 3X Mb MoSys 1T-SRAM MoSys SRAM Result: Higher Margins or Higher Revenue due to higher ASP

10 1T-SRAM SOC Cost Savings 6 MBITS 6T-SRAM MEMORY 2M GATES LOGIC LICENSEE SAVINGS $ MBITS 1T-SRAM MEMORY 2M GATES LOGIC MOSYS ROYALTY $1.20

11 Flexible Customer Delivery Model Fabless Semi IDM s License License Standard Macros Custom Macros Memory Template Development Reference Designs IDM Process Customization Process Independent Macro Platforms Underlying Technology: > 100 Global Patents

12 1T-SRAM Is Unmatched Mature Technology Over 100,000,000 devices shipped High Density 3X denser than 6T-based solutions Cost Effective Up to 70% smaller area than 6T Highly Portable Ported to multiple foundries and IDM s Highly Scalable From 0.25-micron down Ease of Manufacture Standard logic flow High Reliability TEC, Qualified and Proven

13 MoSys Market Opportunity SoC Market % Emb Mem in SoC MoSys TAM $B 100 % 2000 $K The SoC Market Expands to $80B In 2010 (1) While the % of Embedded Memory On Chip Grows to 80% (2) Creating a Total Available Royalty of More than $1.5B (3) (1) Source: Business Communications Company, 2/03, 11/04 (2) Source: SIA, ITRS 2003 (3) The product of 1 * 2

14 Segmented Pricing Model Production Volume Based Royalties Maintenance And Support Fees Non-Recurring Engineering Fees (as applicable) Standard Macros Fabless Semi License Custom Macros Reference Designs IDM s License Memory Template Development IDM Process Customization Process Independent Macro Platforms License Fee Underlying Technology: > 100 Global Patents

15 Sources of Revenue - Classic Macros License Fees $250K to $500K per macro Recognized on contract Royalties 2% to 5% of SOC selling price All licensees pay royalties No upper limits Recognized when received NRE Fees for Customization $100K to $300K typical NRE Recognized ratably or on milestones

16 Historical Challenges Scuttled Synopsys transaction in 2004 Volatile strategy: Chips, Consulting, etc. Custom memory designs difficult to scale Short term sales strategy small accounts Indirect distribution through foundries no control

17 Key Drivers for Future Success Safe choice for critical embedded memory IP 100,000,000 units shipped across 150 contracts Publicly traded on NASDAQ (MOSY) Pre-packaged Macros to scale development resources 1T-SRAM ideally suited for 65 nm product transition Global sales organization with focus on top tier IDM s and fabless semi companies Strong management team

18 Selected Customers and Partners Consumer Customers Communications Customers Foundry Partners

19 Investment Foundation Expanding Markets + Unmatched, patented 1T-SRAM technology + Premier Customers & Expanding Sales Efforts + License and Royalty Business Model + Strong and Experienced Management Team Revenue Growth Shareholder Value

20 Thank you! Chet Silvestri