Weebit’s big ‘Dadi’ to take a bigger role in the company
Former Intel Vice President David ‘Dadi’ Perlmutter has agreed to take the position of Non-Executive Chairman with Weebit Nano Ltd.
The position will come into effect at the settlement of the proposed acquisition of Weebit by Radar Iron Ltd (ASX:RAD).
Mr. Perlmutter has been with Weebit since 1 April 2016 in the position of Non-Executive Director and brings with him extensive industry experience in the semi-conductor space and a vast list of contacts.
As the preeminent provider of semi-conductor chips and platforms, Intel has provided a rare breeding ground for top tech talent of which Mr. Perlmutter is one. His roles at Intel include Executive Vice President and Chief Product Officer at Intel Corporation and General Manager of the Intel Architecture Group.
Mr. Perlmutter was directly responsible for developing several of Intel’s major products and had an enormous impact on Intel’s business globally.
He grew Intel’s business from US$35 billion in 2008 to more than $50 billion. By 2013, he managed 35,000 people worldwide and oversaw investments and acquisitions exceeding $2.5 billion.
While at Intel he developed the 1387 math co-processor, for which he received an award for innovation in industrial development from the President of Israel. He also led the team that developed the architecture of Intel’s Pentium Processor in the late 1980s and led Intel into the data centre industry and wireless communication via development of Wi-Fi products for Centrino; acquiring 3G and LTE.
“This further appointment is a massive gain for the management and shareholders of the company,” said Weebit CEO Yossi Keret.
As a Managing General Partner of Eucalyptus Capital Growth he has been focused on investment in late stage Israeli technology companies, where he helps grow their business.
Radar iron is expected to meet on 18 May to seek approval for the step required for the Weebit acquisition and associated re-compliance capital raising.
Short-term positions in small, early stage ASX companies,
with high potential and near term price catalysts.
Focusing on resource exploration, early-stage tech, and biotech.
Exceptional opportunities across a broad range of
early-stage growth sectors with strong management.
Seeking 1,000% plus returns across medium to long-term holds.
Longer-term positions in a variety of sectors.
Seeking strong management where traction is established and have entered into a growth phase.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.