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Exhibit 1.01

 

Peraso Inc.

Conflict Minerals Report

For the year ended December 31, 2024

 

This Conflict Minerals Report of Peraso Inc. (“Peraso” or the “Company”) for the reporting period January 1 to December 31, 2024 is provided in accordance with Rule 13p-1 under the Securities Exchange Act of 1934, as amended (“Rule 13p-1”). Rule 13p-1 was adopted by the Securities and Exchange Commission to implement reporting and disclosure requirements related to Conflict Minerals, as directed by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Conflict Minerals are defined as columbite-tantalite (coltan), cassiterite, gold and wolframite, including their derivatives, which are limited to tantalum, tin and tungsten (collectively, “3TG”), that originate in the Democratic Republic of the Congo or an adjoining country (collectively, the “Covered Countries”).

 

The Company is a fabless semiconductor company specializing in the development of millimeter wave, which is generally described as the frequency band from 24 Gigahertz (“GHz”) to 300 GHz, wireless technology. Prior to April 2024, the Company also manufactured and sold high-performance memory semiconductor devices and received royalties from licensees of its memory technology. The Company derives revenue from selling its semiconductor devices and antenna modules, performance of non-recurring engineering services and licensing of its technologies. As a fabless semiconductor company, Peraso does not purchase directly from smelters or refineries and must rely upon its manufacturing subcontractors to: (i) identify whether 3TG minerals are used in the manufacture of Peraso’s products, (ii) identify the sources of 3TG used in the manufacture of Peraso products, and (iii) declare whether any of the 3TG minerals used is a Conflict Mineral. Peraso has determined that at least one or more of the 3TG is necessary to produce one or more Peraso integrated circuit products. In particular, the Company believes some material used by its foundry to produce the silicon wafers for one or more of the Company’s products contains at least one of the 3TG.

 

The Company has conducted a good faith reasonable country of origin inquiry regarding the 3TG contained in its products, which inquiry was designed to determine (a) whether any of the 3TG contained in its products originated in the Covered Countries and (b) whether any of the 3TG are from recycled or scrap sources. The Company also exercised due diligence on the chain of custody and source of the 3TG.

 

Peraso’s due diligence measures were based on the Electronic Industry Citizenship Coalition and Global e-Sustainability (“EICC/GeSI”) initiative with the smelters and refiners of Conflict Minerals that provide 3TG to the Company’s suppliers. Peraso’s due diligence measures were comprised of:

 

conducting a supply-chain survey with direct suppliers of materials containing 3TG using the standard Conflict Minerals Reporting Template designed by the Responsible Minerals Initiative (“RMI”), which is an initiative of the EICC/GeSi, to identify the smelters and refiners;

 

comparing the smelters and refiners identified in the supply-chain survey against the list of smelter facilities which have been identified as “conflict-free” by programs such as the EICC/GeSI Conflict Free Smelter (“CFS”) program for 3TG; and

 

reviewing direct suppliers’ conflict minerals policies to ensure that they are encouraging their suppliers to not source from refiners, smelters and other suppliers that may use 3TG originating from the Covered Countries.

 

Because some of the information provided by Peraso suppliers is incomplete and not all smelters have been identified under the CFS program as conflict-free, Peraso is unable to determine if its products are entirely conflict-free; however, the Company does not have any information indicating that any of the 3TG used by Peraso’s manufacturing subcontractors originate from the Covered Countries.

 

 

 

 

Based on the information provided by the Company’s suppliers and obtained through the due diligence process, set forth below is a list of CFS program-certified conflict-free facilities identified by the Company’s supply chain:

 

Mineral  Smelter or Refiner Facility Name  Smelter ID  Country
Gold  Abington Reldan Metals, LLC.  CID002708  USA
Gold  Advanced Chemical Company  CID000015  USA
Gold  Agosi AG  CID000035  Germany
Gold  Aida Chemical Industries Co., Ltd.  CID000019  Japan
Gold  Almalyk Mining and Metallurgical Complex (AMMC)  CID000041  Uzbekistan
Gold  AngloGold Ashanti Corrego do Sitio Mineracao  CID000058  Brazil
Gold  Argor-Heraeus S.A.  CID000077  Switzerland
Gold  Asahi Pretec Corp.  CID000082  Japan
Gold  Asahi Refining Canada Ltd.  CID000924  Canada
Gold  Asahi Refining USA Inc.  CID000920  USA
Gold  Asaka Riken Co., Ltd.  CID000090  Japan
Gold  Aurubis AG  CID000113  Germany
Gold  Bangalore Refinery  CID002863  India
Gold  Bangko Sentral ng Pilipinas (Central Bank of the Philippines)  CID000128  Philippines
Gold  Boliden AB  CID000157  Sweden
Gold  C. Hafner GmbH + Co. KG  CID000176  Germany
Gold  CCR Refinery - Glencore Canada Corporation  CID000185  Canada
Gold  Chimet S.p.A.  CID000233  Italy
Gold  Chugai Mining  CID000264  Japan
Gold  Dowa  CID000401  Japan
Gold  DSC (Do Sung Corporation)  CID000359  Korea, Republic of
Gold  Eco-System Recycling Co., Ltd. East Plant  CID000425  Japan
Gold  Eco-System Recycling Co., Ltd. North Plant  CID003424  Japan
Gold  Eco-System Recycling Co., Ltd. West Plant  CID003425  Japan
Gold  Gold by Gold Columbia  CID003641  Colombia
Gold  Gold Refinery of Zijin Mining Group Co., Ltd.  CID002243  China
Gold  Heimerle + Meule GmbH  CID000694  Germany
Gold  Heraeus Metals Hong Kong Ltd.  CID000707  China
Gold  Heraeus Germany GmbH & Co. KG  CID000711  Germany
Gold  Inner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd.  CID000801  China
Gold  Ishifuku Metal Industry Co., Ltd.  CID000807  Japan
Gold  Istanbul Gold Refinery  CID000814  Turkey
Gold  Italpreziosi  CID002765  Italy
Gold  Japan Mint  CID000823  Japan
Gold  Jiangxi Copper Co., Ltd.  CID000855  China
Gold  JX Nippon Mining & Metals Co., Ltd.  CID000937  Japan
Gold  Kazzinc  CID000957  Kazakhstan
Gold  Kennecott Utah Copper LLC  CID000969  USA
Gold  KGHM Polska Miedz Spolka Akcyjna  CID002511  Poland
Gold  Kojima Chemicals Co., Ltd.  CID000981  Japan
Gold  Korea Zinc Co., Ltd.  CID002605  Korea, Republic of
Gold  L'Orfebre S.A.  CID002762  Andorra
Gold  LS-NIKKO Copper Inc.  CID001078  Korea, Republic of
Gold  LS MnM Inc.  CID001078  Korea, Republic of
Gold  LT Metal Ltd.  CID000689  Korea, Republic of
Gold  Materion  CID001113  USA
Gold  Matsuda Sangyo Co., Ltd.  CID001119  Japan
Gold  Metal Concentrators SA (Pty) Ltd.  CID003575  South Africa
Gold  Metalor Technologies (Hong Kong) Ltd.  CID001149  China
Gold  Metalor Technologies (Singapore) Pte., Ltd.  CID001152  Singapore
Gold  Metalor Technologies (Suzhou) Ltd.  CID001147  China
Gold  Metalor Technologies S.A.  CID001153  Switzerland

 

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Gold  Metalor USA Refining Corporation  CID001157  USA
Gold  Metalurgica Met-Mex Penoles S.A. De C.V.  CID001161  Mexico
Gold  Mitsubishi Materials Corporation  CID001188  Japan
Gold  Mitsui Mining and Smelting Co., Ltd.  CID001193  Japan
Gold  MKS PAMP SA  CID001352  Switzerland
Gold  MMTC-PAMP India Pvt., Ltd.  CID002509  India
Gold  Nadir Metal Rafineri San. Ve Tic. A.S.  CID001220  Turkey
Gold  Navoi Mining and Metallurgical Combinat  CID001236  Uzbekistan
Gold  NH Recytech Company  CID003189  Korea, Republic of
Gold  Nihon Material Co., Ltd.  CID001259  Japan
Gold  Ogussa Osterreichische Gold- und Silber-Scheideanstalt GmbH  CID002779  Austria
Gold  Ohura Precious Metal Industry Co., Ltd.  CID001325  Japan
Gold  Planta Recuperadora de Metales SpA  CID002919  Chile
Gold  PT Aneka Tambang (Persero) Tbk  CID001397  Indonesia
Gold  PX Precinox S.A.  CID001498  Switzerland
Gold  Rand Refinery (Pty) Ltd.  CID001512  South Africa
Gold  REMONDIS PMR B.V.  CID002582  Netherlands
Gold  Royal Canadian Mint  CID001534  Canada
Gold  SAFINA A.S.  CID002290  Czechia
Gold  SEMPSA Joyeria Plateria S.A.  CID001585  Spain
Gold  Shandong Gold Smelting Co., Ltd.  CID001916  China
Gold  Shandong Zhaojin Gold & Silver Refinery Co., Ltd.  CID001622  China
Gold  Sichuan Tianze Precious Metals Co., Ltd.  CID001736  China
Gold  Solar Applied Materials Technology Corp.  CID001761  Taiwan, Province of China
Gold  Sumitomo Metal Mining Co., Ltd.  CID001798  Japan
Gold  SungEel HiMetal Co., Ltd.  CID002918  Korea, Republic of
Gold  T.C.A S.p.A  CID002580  Italy
Gold  Tanaka Kikinzoku Kogyo K.K.  CID001875  Japan
Gold  Tokuriki Honten Co., Ltd.  CID001938  Japan
Gold  TOO Tau-Ken-Altyn  CID002615  Kazakhstan
Gold  Torecom  CID001955  Korea, Republic of
Gold  Umicore S.A. Business Unit Precious Metals Refining  CID001980  Belgium
Gold  United Precious Metal Refining, Inc.  CID001993  USA
Gold  Valcambi S.A.  CID002003  Switzerland
Gold  Western Australian Mint (T/a The Perth Mint)  CID002030  Australia
Gold  WIELAND Edelmetalle GmbH  CID002778  Germany
Gold  Yamakin Co., Ltd.  CID002100  Japan
Gold  Yokohama Metal Co., Ltd.  CID002129  Japan
Gold  Zhongyuan Gold Smelter of Zhongjin Gold Corporation  CID002224  China
Tantalum  AMG Brasil  CID001076  Brazil
Tantalum  Changsha South Tantalum Niobium Co., Ltd.  CID000211  China
Tantalum  D Block Metals, LLC  CID002504  USA
Tantalum  F&X Electro-Materials Ltd.  CID000460  China
Tantalum  FIR Metals & Resource Ltd.  CID002505  China
Tantalum  Global Advanced Metals Aizu  CID002558  Japan
Tantalum  Global Advanced Metals Boyertown  CID002557  USA
Tantalum  Hengyang King Xing Lifeng New Materials Co., Ltd.  CID002492  China
Tantalum  Jiangxi Dinghai Tantalum & Niobium Co., Ltd.  CID002512  China
Tantalum  Jiangxi Tuohong New Raw Material  CID002842  China
Tantalum  JiuJiang JinXin Nonferrous Metals Co., Ltd.  CID000914  China
Tantalum  Jiujiang Tanbre Co., Ltd.  CID000917  China
Tantalum  Jiujiang Zhongao Tantalum & Niobium Co., Ltd.  CID002506  China
Tantalum  KEMET de Mexico  CID002539  Mexico

 

3

 

 

Tantalum  Materion Newton Inc.  CID001113  USA
Tantalum  Metallurgical Products India Pvt., Ltd.  CID001163  India
Tantalum  Mineracao Taboca S.A.  CID001175  Brazil
Tantalum  Mitsui Mining and Smelting Co., Ltd.  CID001192  Japan
Tantalum  Ningxia Orient Tantalum Industry Co., Ltd.  CID001277  China
Tantalum  NPM Silmet AS  CID001200  Estonia
Tantalum  QuantumClean  CID001508  USA
Tantalum  Resind Industria e Comercio Ltda.  CID002707  Brazil
Tantalum  RFH Yancheng Jinye New Material Technology Co., Ltd.  CID003583  China
Tantalum  Taki Chemical Co., Ltd  CID001869  Japan
Tantalum  TANIOBIS Co., Ltd  CID002544  Thailand
Tantalum  TANIOBIS Smelting GmbH & Co. KG  CID002550  Germany
Tantalum  TANIOBIS GmbH  CID002545  Germany
Tantalum  TANIOBIS Japan Co., Ltd  CID002549  Japan
Tantalum  Telex Metals  CID001891  USA
Tantalum  Ulba Metallurgical Plant JSC  CID001969  Kazakhstan
Tantalum  Ximei Resources (Guangdong) Limited  CID000616  China
Tantalum  XinXing HaoRong Electronic Material Co., Ltd.  CID002508  China
Tantalum  Yanling Jincheng Tantalum & Niobium Co., Ltd.  CID001522  China
Tin  Alpha  CID000292  USA
Tin  Aurubis Beerse  CID002773  Belgium
Tin  Aurubis Berango  CID002774  Spain
Tin  Chenzhou Yunxiang Mining and Metallurgy Co., Ltd.  CID000228  China
Tin  Chifeng Dajingzi Tin Industry Co., Ltd  CID003190  China
Tin  China Tin Group Co., Ltd.  CID001070  China
Tin  CRM Fundicao De Metais E Comercio De Equipamentos Eletronicos Do Brasil Ltda  CID003486  Brazil
Tin  CRM Synergies  CID003524  Spain
Tin  CV Ayi Jaya  CID002570  Indonesia
Tin  CV Venus Inti Perkasa  CID002455  Indonesia
Tin  Dowa  CID000402  Japan
Tin  DS Myanmar  CID003831  Myanmar
Tin  EM Vinto  CID000438  Bolivia (Plurinational State of)
Tin  Estanho de Rondonia S.A.  CID000448  Brazil
Tin  Fabrica Auricchio Industria e Comercio Ltda.  CID003582  Brazil
Tin  Fenix Metals  CID000468  Poland
Tin  Gejiu Non-Ferrous Metal Processing Co., Ltd.  CID000538  China
Tin  Guangdong Hanhe Non-Ferrous Metal Co., Ltd.  CID003116  China
Tin  HuiChang Hill Tin Industry Co., Ltd.  CID002844  China
Tin  Jiangxi New Nanshan Technology Ltd.  CID001231  China
Tin  Luna Smelter, Ltd.  CID003387  Rwanda
Tin  Ma’anshan Weitai Tin Co., Ltd.  CID003379  Viet Nam
Tin  Magnu’s Minerais Metais e Ligas Ltda.  CID002468  Brazil
Tin  Malaysia Smelting Corporation (MSC)  CID001105  Malaysia
Tin  Metallic Resources, Inc.  CID001142  USA
Tin  Mineracao Taboca S.A.  CID001173  Brazil

 

4

 

 

Tin  Mining Minerals Resources SARL  CID004065  Congo, Democratic Republic of the
Tin  Minsur  CID001182  Peru
Tin  Mitsubishi Materials Corporation  CID001191  Japan
Tin  O.M. Manufacturing (Thailand) Co., Ltd.  CID001314  Thailand
Tin  O.M. Manufacturing Philippines, Inc.  CID002517  Philippines
Tin  Operaciones Metalurgicas S.A.  CID001337  Bolivia (Plurinational State of)
Tin  PT Aries Kencana Sejahtera  CID000309  Indonesia
Tin  PT Artha Cipta Langgeng  CID001399  Indonesia
Tin  PT ATD Makmur Mandiri Jaya  CID002503  Indonesia
Tin  PT Babel Inti Perkasa  CID001402  Indonesia
Tin  PT Babel Surya Alam Lestari  CID001406  Indonesia
Tin  PT-Bangka Prima Tin  CID002776  Indonesia
Tin  PT Bangka Serumpun  CID003205  Indonesia
Tin  PT-Belitung Industri Sejahtera  CID001421  Indonesia
Tin  PT Bukit Timah  CID001428  Indonesia
Tin  PT Cipta Persada Mulia  CID002696  Indonesia
Tin  PT Menara Cipta Mulia  CID002835  Indonesia
Tin  PT Mitra Stania Prima  CID001453  Indonesia
Tin  PT Mitra Sukses Globalindo  CID003449  Indonesia
Tin  PT-Premium Tin Indonesia  CID000313  Indonesia
Tin  PT Prima Timah Utama  CID001458  Indonesia
Tin  PT Putera Sarana Shakti (PT PSS)  CID003868  Indonesia
Tin  PT Rajawali Rimba Perkasa  CID003381  Indonesia
Tin  PT Rajehan Ariq  CID002593  Indonesia
Tin  PT Refined Bangka Tin  CID001460  Indonesia
Tin  PT Sariwiguna Binasentosa  CID001463  Indonesia
Tin  PT Stanindo Inti Perkasa  CID001468  Indonesia
Tin  PT Sukses Inti Makmur  CID002816  Indonesia
Tin  PT Timah Nusantara  CID001486  Indonesia
Tin  PT Timah Tbk Kundur  CID001477  Indonesia
Tin  PT Timah Tbk Mentok  CID001482  Indonesia
Tin  PT Tinindo Inter Nusa  CID001490  Indonesia
Tin  PT Tommy Utama  CID001493  Indonesia
Tin  Resind Industria e Comercio Ltda.  CID002706  Brazil
Tin  Rui Da Hung  CID001539  Taiwan, Province of China
Tin  Super Ligas  CID002756  Brazil
Tin  Thaisarco  CID001898  Thailand
Tin  Tin Smelting Branch of Yunnan Tin Co., Ltd.  CID002180  China
Tin  Tin Technology & Refining  CID003325  USA
Tin  White Solder Metalurgia e Mineracao Ltda.  CID002036  Brazil
Tin  Yunnan Chengfeng Non-ferrous Metals Co., Ltd.  CID002158  China
Tungsten  A.L.M.T.  Corp.  CID000004  Japan
Tungsten  Asia Tungsten Products Vietnam Ltd.  CID002502  Viet Nam
Tungsten  China Molybdenum Tungsten Co., Ltd.  CID002641  China
Tungsten  Chongyi Zhangyuan Tungsten Co., Ltd.  CID000258  China
Tungsten  Cronimet Brasil Ltda  CID003468  Brazil
Tungsten  Fujian Xinlu Tungsten  CID003609  China
Tungsten  Ganzhou Haichuang Tungsten Co. Ltd  CID002645  China
Tungsten  Ganzhou Jiangwu Ferrotungsten Co., Ltd.  CID002315  China
Tungsten  Ganzhou Seadragon W & Mo Co., Ltd.  CID002494  China
Tungsten  Global Tungsten & Powders Corp.  CID000568  USA
Tungsten  Guangdong Xianglu Tungsten Co., Ltd.  CID000218  China

 

5

 

 

Tungsten  H.C. Starck Tungsten GmbH  CID002541  Germany
Tungsten  Hubei Green Tungsten Co., Ltd.  CID003417  China
Tungsten  Hunan Chenzhou Mining Co., Ltd.  CID000766  China
Tungsten  Hunan Shizhuyuan Nonferrous Metals Co., Ltd. Chenzhou Tungsten Products Branch  CID002513  China
Tungsten  Japan New Metals Co., Ltd.  CID000825  Japan
Tungsten  Jiangwu H.C. Starck Tungsten Products Co., Ltd.  CID002551  China
Tungsten  Jiangxi Gan Bei Tungsten Co., Ltd.  CID002321  China
Tungsten  Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd.  CID002318  China
Tungsten  Jiangxi Xinsheng Tungsten Industry Co., Ltd.  CID002317  China
Tungsten  Jiangxi Yaosheng Tungsten Co., Ltd.  CID002316  China
Tungsten  Kennametal Fallon  CID000966  USA
Tungsten  Kennametal Huntsville  CID000105  USA
Tungsten  Lianyou Metals Co., Ltd.  CID003407  Taiwan, Province of China
Tungsten  Malipo Haiyu Tungsten Co., Ltd.  CID002319  China
Tungsten  Masan High-Tech Materials  CID002543  Vietnam
Tungsten  Niagara Refining LLC  CID002589  USA
Tungsten  Philippine Chuangxin Industrial Co., Inc.  CID002827  Philippines
Tungsten  TANIOBIS Smelting GmbH & Co. KG  CID002542  Germany
Tungsten  Wolfram Bergbau und Hutten AG  CID002044  Austria
Tungsten  Xiamen Tungsten (H.C.) Co., Ltd.  CID002320  China
Tungsten  Xiamen Tungsten Co., Ltd.  CID002082  China

 

The Company has communicated its expectations, as reflected in its Conflict Minerals Policy, to its manufacturing subcontractors and other suppliers. The Company continues to engage with its suppliers to update their information on the source and chain of custody of conflict minerals in Peraso’s supply chain and to request that all smelters utilized agree to participate in the RMI or equivalent program.

 

 

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