AFAIK there was licencing issues with memristors - in usual forward thinking HP way, they exclusively licenced the tech to someone else, who did no work on it, so it was not ready for the machine.
The IP is also a joint asset of HPE and HP Inc, so that sounds like something I would avoid baking into my product if I was HPE
Yes, but I think the idea was that The Machine was a constellation of technology projects for memory-focused computers. Although the memristor portion did not live up to their claimed expectations (unfortunate but unsurprising), the overall project of a memory-focused computer continues under the brand of The Machine.
(My outside-in interpretation. Maybe someone from HP can add more concrete detail and insight.)
The IP is also a joint asset of HPE and HP Inc, so that sounds like something I would avoid baking into my product if I was HPE