Nope, they are a fabless company.
Fabless means they are outsourcing the fabrication. Due to the nature of eASIC producing structured ASICs I'm convinced they are partnered with a semiconductor foundry and this is already covered.
I am getting the feeling that the nameless semiconductor foundry is remaining nameless for a reason, because TSMC would be far better and the share price would fall even lower if we found out.
I don't understand why the secrecy around a darn semiconductor company, we know that hashfast, avalon, labcoin all use TSMC.
It doesn't make any difference at all. Being made by TSMC isn't going to make the chip any better then being made at any other fab, other then perhaps batch yeild.
Also, eASIC 'nextreme' chips are made in a special way - the part of the wafer with the actual silicon is created first and ready to go. That means they have to have things setup with the fab for them to apply whatever metal layers they want to wafers that already have FPGA-style LUTs on them. The silicon layers are the same for all 'nextreme' chips. ActM chips will have the same base layers as seagate and all their customers.
The difference is in the metal layers on top of the silicon. The customer only gets a custom top layer. One key difference is that this makes NRE prices way lower, and on top of that, it also means way less time. You can be working on your metal layer while the wafers are already 'cooking' in the fab. So it should take less time from tapeout to production then a traditional ASIC.
The downside, of course, is
far larger surface area per chip. That means it costs more to produce the chip, per GH/s then KnC, Cointerra, and HashFast. And possibly even more then BTCGarden (40nm) or Bitfury (55nm)
Also, as someone points out in a custom hardware thread, their prices need to come down as well to get any retail sales:
24TH/s for 353k$?
Competition is cheaper.
a quick comparison...
Shipping the same month as Cointerra and a month after Hashfast and 2 months after KnC? to reach 24 TH/s you'd need 12 of the Cointerra TM IV boxes... and at $14k each thats $168k versus $353k with vmc/amc
those ct boxes (or hashfash equivalents) would consume about 12 KW and cost $1818 a month to run (plus hvac cooling, which is approx double - i.e.: $3.6k a month in electricity running costs, conservatively - using 15 cents per KwH assumptions).. and the vmc/amc boxes would consume 36 KW, which would cost $5400 per month (and double it with cooling costs so say around $10.8k/month in running costs). After youve run them both for a year, the vmc/amc wouldve cost an extra $86k to run than the ct, ouch!)
-- Jez
ASICs don't cook well in Easy-Bake Ovens 
