Nanoelectronics Research Corporation

“Semiconductor research corporation (src) is the sole member of the organization. Src elects the organization's governing body. As required by california law, src would also need to approve certain major transactions, such as dissolution or incurrence of debt.”

“The form 990 is prepared by bdo usa, llp "bdo", based on information provided by the organization's staff. Prior to filing, the form 990 is reviewed by the chief accounting officer and the complete form 990, except for salary information on core form part vii and schedule j, part ii, was provided through email to the members of the governing body for their review. Once the form 990 is approved by the governing body, bdo signs as preparer, and the chairman signs on behalf of the organization.”

“Nanoelectronics research corporation relies on its parent, semiconductor research corporation, to determine compensation for nerc's directors and officers. Semiconductor research corporation uses a compensation survey or study and approval by the board or compensation committee.”

“The organization makes its consolidated financial statements and governing documents available upon request.”

“DURING 2019, AN CHEN WAS EMPLOYED BY IBM, A SUBSTANTIAL CONTRIBUTOR, BUT OPERATED UNDER THE DIRECTION AND CONTROL OF NERC, AND THROUGH NERC, SRC. NERC PAID IBM FOR AN CHEN'S SERVICES AS PROGRAM DIRECTOR. Part XI, Line 9: ALL ACTIVITIES WERE DISCONTINUED AND THE ENTITY WAS CLOSED EFFECTIVE 12/30/2019. Net assets for ($296,422) were transfered to a related entity.”

“Nanoelectronics research corporation (nerc) was formed to administer and support a university based program to address the scaling of complementary metal oxide semiconductor (cmos) limits.”

“NERC SUPPORTS AND ADMINISTERS A PROGRAM TO DEMONSTRATE NON-CONVENTIONAL, LOW-ENERGY TECHNOLOGIES WHICH CAN OUTPERFORM CMOS ON CRITICAL APPLICATIONS IN TEN YEARS AND BEYOND. THESE EXPLORATORY DEVICES AND CIRCUIT TECHNOLOGIES SHOULD SHOW SIGNIFICANT ADVANTAGES OVER ULTIMATE FETS IN POWER, PERFORMANCE, DENSITY AND/OR COST TO ENABLE THE SEMICONDUCTOR INDUSTRY TO EXTEND THE HISTORICAL COST AND PERFORMANCE TRENDS FOR INFORMATION TECHNOLOGY. TO MEET THESE GOALS, THE NANOELECTRONICS RESEARCH INITIATIVE PROGRAM (NRI) DEVICE RESEARCH IS FOCUSED ON DEVICE CONCEPTS WHICH OPERATE BY PHYSICAL PRINCIPLES VERY DIFFERENT FROM THOSE OF THE CONVENTIONAL FIELD-EFFECT TRANSISTOR. IN ADDITION, NRI IS STRONGLY FOCUSED ON NOVEL CIRCUITS AND ARCHITECTURES WHICH BEST EXPLOIT THE UNIQUE CHARACTERISTICS OF THE NEW DEVICES. FINALLY IT IS DESIRABLE THAT THESE TECHNOLOGIES BE CAPABLE OF INTEGRATING WITH CMOS, TO ALLOW EXPLOITATION OF THEIR POTENTIALLY COMPLEMENTARY FUNCTIONALITY IN HETEROGENEOUS SYSTEMS, AND TO ENABLE A SMOOTH TRANSITION TO A NEW SCALING PATH. PART III, LINE 3: All activities were discontinued and the entity was closed effective 12/30/2019. PART VI, LINE 4: Nanoelectronics Research Corporation's dissolution was authorized on December 17, 2019. All activities were discontinued and the entity was closed effective 12/30/2019. An additional DAY, THROUGH DECEMBER 31, 2019, Was UTILIZED TO WIND UP ORGANIZATIONAL AFFAIRS.”

“The organization is included in the consolidated audited financial statements of its parent, semiconductor research corporation (src). The src board of directors assumes responsibility for oversight of the consolidated financial statement audit and the selection of an independent accountant.”