UK Memory Startup Adds Graphcore’s Toon to Board

In 2017, Intrinsic emerged as a spin-off from University College London, with a primary focus on developing non-volatile memory solutions that leverage the movement of oxygen vacancies in silicon-oxide and similar materials. This innovative approach places Intrinsic on a trajectory akin to that of Weebit Nano Ltd., another key player in the field of non-volatile memory technology.

Meanwhile, Graphcore, a prominent player in the semiconductor industry, is currently undergoing an acquisition process by Japan's SoftBank Group, which aims to operate Graphcore as a wholly-owned subsidiary. Notably, Intrinsic highlights on its website that the current CEO of Graphcore, who goes by the name Toon, played a pivotal role in securing over US$700 million in funding for the company.

Recent statements from Toon, shared in an article on LinkedIn, shed light on the progress made by Intrinsic in the commercial realm. Toon expressed optimism about the significant breakthroughs achieved by Intrinsic and hinted at the imminent availability of Intrinsic's ReRAM technology in the market. This development marks a significant milestone for Intrinsic and underscores the growing interest in their innovative solutions.

Furthermore, Graphcore's CEO, Nigel Toon, has been actively involved in the dissemination of knowledge and insights within the industry. Toon recently authored a book on artificial intelligence, showcasing his expertise in the field. Additionally, he has embarked on a series of engagements to share his expertise and vision, further solidifying Graphcore's position as a thought leader in the semiconductor domain.

Amidst these advancements, Intrinsic continues to make waves in the industry, with its recent achievement of securing £7 million in funding. This financial boost will undoubtedly fuel the company's ongoing research and development efforts, propelling them closer to their goal of bringing cutting-edge non-volatile memory solutions to the market. Additionally, Weebit Nano Ltd. has forged a strategic partnership with DB Hitek foundry to enhance the accessibility of ReRAM technology, signaling a collaborative and innovative approach within the industry.