Exhibit 1.01

 

Peraso Inc.

Conflict Minerals Report

For the year ended December 31, 2025

 

This Conflict Minerals Report of Peraso Inc. (“Peraso” or the “Company”) for the reporting period January 1, 2025 to December 31, 2025 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 foundries 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 designed to conform, in all material respects, with the framework in the Organization for Economic Co-operation and Development Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (the “OECD Framework”). The objectives of the Company’s diligence initiative were to determine, to the best of its ability, the source and chain of custody of the 3TG necessary for the functionality and/or production of its products; whether any such 3TG originated in the Covered Countries or are from recycled or scrap sources; and where such 3TG were determined to have originated in Covered Countries and whether armed groups directly or indirectly benefited from such 3TG.

 

As Peraso is downstream in the semiconductor supply chain, the Company is many steps removed from the mining of conflict minerals. The components and materials contained in its products are supplied by a large number of suppliers, through multiple tiers of distribution. Once minerals are in the supply chain, determining the smelter or the origin of minerals is a challenging process, and Peraso recognizes the limitations inherent as to what is able to identify and control. 

 

Consistent with these limitations, the OECD Guidance acknowledges that the requirements for compliance should reflect a company's position in the supply chain. In particular, the OECD Guidance states that the implementation of due diligence should be tailored to a company's activities and relationships and that the nature and extent of due diligence may vary based on a company's size, products, relationships with suppliers and other factors. Due to practical difficulties associated with supply chain complexities, the OECD Guidance advises that downstream companies exercise due diligence primarily by establishing controls over their immediate suppliers. The Responsible Minerals Initiative (“RMI”) guidance on implementing the OECD Guidance further recommends that, in conducting due diligence, downstream companies identify relevant or highest priority "tier-1" ( direct) suppliers and focus their due diligence efforts on those priority suppliers first. 

 

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 suppliers 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 Metalfine, Inc.   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 Ronnskar   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   Coimpa Industrial LTDA   CID004010   Brazil
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   Elite Industech Co., Ltd   CID004755   Province of China
Gold   GG Refinery Ltd.   CID004506   Tanzania
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   Impala Platinum – Rustenburg Smelter   CID004610   South Africa
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 MnM Inc.   CID001078   Korea, Republic of
Gold   LT Metal Ltd.   CID000689   Korea, Republic of

 

2

 

 

Mineral

  Smelter or Refiner Facility Name   Smelter ID   Country
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
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   WEEEREFINING   CID003615   France
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

 

3

 

 

Mineral

  Smelter or Refiner Facility Name   Smelter ID   Country
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   Guangdong Rising Rare Metals-EO Materials Ltd.   CID000291   China
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
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   PowerX Ltd.   CID004054   Rwanda
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 Assembly Solutions Inc.   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   Dowa   CID000402   Japan
Tin   DS Myanmar   CID003831   Myanmar
Tin   EM Vinto   CID000438   Bolivia (Plurinational State of)

 

4

 

 

Mineral

  Smelter or Refiner Facility Name   Smelter ID   Country
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   Global Advanced Metals Greenbushes Pty Ltd.   CID004754   Australia
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   Magnu’s Minerais Metais e Ligas Ltda.   CID002468   Brazil
Tin   Malaysia Smelting Corporation (MSC)   CID001105   Malaysia
Tin   Malaysia Smelting Corporation Berhad (Port Klang)   CID004434   Malaysia
Tin   Metallic Resources, Inc.   CID001142   USA
Tin   Mineracao Taboca S.A.   CID001173   Brazil
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 Arsed Indonesia   CID005067   Indonesia
Tin   PT ATD Makmur Mandiri Jaya   CID002503   Indonesia
Tin   PT-Bangka Prima Tin   CID002776   Indonesia
Tin   PT Cipta Persada Mulia   CID002696   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 Rajehan Ariq   CID002593   Indonesia
Tin   PT Timah Tbk Kundur   CID001477   Indonesia
Tin   PT Timah Tbk Mentok   CID001482   Indonesia
Tin   Resind Industria e Comercio Ltda.   CID002706   Brazil
Tin   Rui Da Hung   CID001539   Taiwan, Province of China
Tin   Soft Metais Ltda.   CID001758   Brazil
Tin   Super Ligas   CID002756   Brazil
Tin   Takehara PVD Materials Plant/Division of Mitsui Mining   CID004403   Japan
Tin   Thaisarco   CID001898   Thailand
Tin   Tin Smelting Branch of Yunnan Tin Co., Ltd.   CID002180   China
Tin   Tin Technology & Refining   CID003325   USA

 

5

 

 

Mineral

  Smelter or Refiner Facility Name   Smelter ID   Country
Tin   White Solder Metalurgia e Mineracao Ltda.   CID002036   Brazil
Tin   Woodcross Smelting Company Limited   CID004724   Uganda
Tin   Yunnan Chengfeng Non-ferrous Metals Co., Ltd.   CID002158   China
Tin   Yunnan Yunfan Non-ferrous Metals Co., Ltd.   CID003397   China
Tungsten   A.L.M.T.  Corp.   CID000004   Japan
Tungsten   Asia Tungsten Products Vietnam Ltd.   CID002502   Vietnam
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 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
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   KENEE MINING VIETNAM Co. Ltd.   CID004619   Vietnam
Tungsten   Kennametal Fallon   CID000966   USA
Tungsten   Kennametal Huntsville   CID000105   USA
Tungsten   Lianyou Metals Co., Ltd.   CID003407   Taiwan, Province of China
Tungsten   Lianyou Resources Co., Ltd.   CID004397   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   Shinwon Tungsten (Fujian Shanghang) Co., Ltd.   CID004430   China
Tungsten   TANIOBIS Smelting GmbH & Co. KG   CID002542   Germany
Tungsten   Tungsten Vietnam Joint Stock Company   CID003993   Vietnam
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 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 by its suppliers agree to participate in the RMI or equivalent program.

 

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