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0 critical materials scored
No scored critical-mineral exposure — ownership re-checked; exposures not yet re-checked. This company's dossier carries no `material_exposures` entries. That can mean its production is genuinely outside the critical-minerals set this platform scores (e.g. a precious-metals-only miner) — or simply that no exposure entries have been populated for it yet; no field on this dossier distinguishes the two, so treat "0" here as unpopulated or inapplicable, not as a reviewed-and-cleared verdict. We found no critical-mineral exposure in the sources we checked for this company; absence from our corpus is not evidence that the company has none.
Kalray SA (Euronext: ALKAL.PA) is a French fabless semiconductor company and CEA spin-out (founded 2008) that designs MPPA (Massively Parallel Processor Array) processors for data-center storage acceleration, networking security, autonomous vehicles, and aeronautics. Its current commercial product is the Coolidge / Coolidge2 DPU (Data Processing Unit), taped out on TSMC 16nm FinFET, sold as the K200 PCIe acceleration card and TC4 quad-chip board. Kalray has no wafer fabrication of its own — all manufacturing is outsourced to TSMC and downstream OSAT/ODM partners.
Because Kalray is fully fabless, its direct bill-of-materials exposure is limited to the hardware it assembles and sells (K200 cards). Wafer-level process chemicals (helium, indium, helium, antimony) and interconnect metals inside TSMC's node (cobalt liners, silicon substrate) are held by TSMC, not Kalray. The verified company-level exposures are:
Materials dropped from sector-default (helium, indium, antimony, neodymium, niobium, silver, tellurium, silicon): these are either process-chemical exposures residing entirely at TSMC, or apply to display/magnet/battery manufacturers — not a DPU card assembler.
> Note on financial condition (updated 2026-09-08): Kalray reported a net loss of €23.3M on revenue of €24.8M in FY2024, and sold its Data Acceleration Platform (Ngenea) business to DataCore in early 2025 as part of a strategic refocus onto the semiconductor business; Euronext Growth trading was suspended 2025-06-17 pending the 2024 Annual Financial Report and resumed after its filing. The going-concern framing this note previously carried is now stale: per Kalray's FY2025 Annual Results (published 2026-04-23), consolidated FY2025 revenue was €16.45M, EBITDA turned positive at €4.6M consolidated (€6.2M in the semiconductor segment, vs. €(8.2)M in 2024), free cash flow turned positive at €2.3M (vs. €(21.1)M in 2024), and the net loss narrowed to €4.5M (from €23.3M in 2024); cash on hand was €2.95M as of 2025-12-31, and the release states its liquidity horizon covers the 12 months following that publication date. H1 2026 revenue was €8.5M (+58% YoY vs. €5.4M H1 2025 like-for-like), including an initial €2.2M recognized under a newly signed major contract, per the H1 2026 revenue release (2026-07-16). Still a loss-making small-cap, but the trajectory since FY2024 is a turnaround (positive EBITDA/FCF, narrowing losses), not an open going-concern risk — treat the prior framing as superseded.
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