Coretec Opportunities in Semiconductor
Over the past few weeks, we’ve shared why we believe CHS has significant potential as a material component for battery technologies in a number of high growth industries such as electric vehicle (EV) and personal electronics. Silicon anode batteries for EV is one of Coretec’s paths to commercialization, but the understanding has always been that it can take time and require the right partner, a strategy we continue to pursue on a daily basis. Another market we seek to penetrate is semiconductors, a market valued at $463.5 billion in 2016 and forecast to be $831.5 billion in 2024. Previously, liquid hydrosilanes have been cited for instability and low vapor pressure when applied to semiconductor manufacturing. Our CHS technology has demonstrated the capability to overcome these challenges and represents a potential upgrade in terms of efficiency, cost, and increased performance in the semiconductor space. Like the battery manufacturing industry, there are many key aspects to consider when developing a replacement for existing semiconductor materials. Lithography, deposition, etch, implants, and dielectric layers are some of the key components of a semiconductor wafer that require customization using a new material. In our case, CHS would ideally “plug-n-play” or replace existing materials without disrupting the other manufacturing process, making device analysis using CHS much easier to evaluate for commercial partners, as well as less risky. Introducing new materials into semiconductor may seem technical, but there is a significant CHS value proposition. The added benefit of “plug-n-play” using CHS can be a key differentiator for Coretec when compared to the battery-manufacturing sector, where testing, packaging, and other systems integration requirement changes are bottlenecks to commercialization that are not inherent to CHS, but endemic of the battery industry. For this reason, we believe commercializing CHS within the semiconductor industry could be a faster route to market than in EV battery. To be clear, we will continue in our earnest efforts in EV Battery, but want our shareholders to know we also have a significant value proposition in semiconductors. It is for this reason we continue to seek out joint development agreements with companies developing next generation technologies in the semiconductor space. This is a separate initiative from our battery component development, but one we believe possesses significant market upside.