UPDATE: Weebit Nano Ltd (ASX: WBT) shares have surged an impressive 6% today, hitting $3.78 as of this morning. This remarkable uptick follows the company’s announcement of a significant breakthrough in its semiconductor technology.
Weebit Nano, a leader in advanced semiconductor memory solutions, has successfully taped-out test chips featuring its embedded Resistive RAM (ReRAM) module at onsemi’s production facility in New York. This development is critical as it addresses the urgent demand for higher performance and lower power memory solutions across various sectors, including the rapidly growing Internet of Things (IoT), smartphones, robotics, and autonomous vehicles.
The chips, developed on onsemi’s Treo platform using a 65nm Bipolar-CMOS-DMOS (BCD) process, mark a pivotal milestone for Weebit. These test chips will undergo final testing and qualification before anticipated volume production, which could revolutionize memory technology in the industry.
Weebit’s CEO, Cody Hanoch, emphasized the importance of this milestone, stating,
“Our collaboration with onsemi is progressing rapidly, and this successful tape-out marks a major milestone in completing the technology transfer of Weebit ReRAM to onsemi’s advanced BCD process.”
This breakthrough comes at a time when Weebit Nano’s shares have skyrocketed over 150% in the past six months, reflecting strong investor confidence. The ReRAM technology promises to deliver ultra-low-power, high-density non-volatile memory, enabling next-generation products from onsemi, which specializes in intelligent power and sensing solutions.
Investors are keenly watching this development, considering the competitive landscape of semiconductor technology. With deep-pocketed rivals also in the race, the stakes are high for Weebit to deliver on its promises.
As the market reacts, the focus will now shift to the performance of these test chips and the outcomes of the qualification process. Analysts suggest this could unlock new levels of functionality and intelligence in future electronic products, making it a critical watch point for tech investors.
Stay tuned for more updates on Weebit Nano and its impact on the semiconductor landscape. This developing story is one to share as the tech world watches closely.
