tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Weebit Nano Advances ReRAM Technology and Secures New Licensing Agreement

Story Highlights
Weebit Nano Advances ReRAM Technology and Secures New Licensing Agreement

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Weebit Nano Ltd. ( (AU:WBT) ) has shared an announcement.

Weebit Nano Ltd has reported significant progress in the transfer and qualification of its ReRAM technology with partners onsemi and DB HiTek, aiming for full qualification by the end of 2025. The company is advancing commercial negotiations, having signed a design license agreement with a U.S.-based company for security-related applications. With a strong cash position of A$88 million, Weebit is well-positioned to meet its commercial targets, including new agreements with multiple fabs and product companies, leveraging the growing demand for efficient non-volatile memory driven by AI integration.

More about Weebit Nano Ltd.

Weebit Nano Ltd is a company operating in the semiconductor industry, focusing on the development and commercialization of ReRAM (Resistive Random Access Memory) technology. Their primary products and services involve non-volatile memory solutions, which are applicable in various domains such as AI, automotive, and power management. The company is actively engaged in advancing its technology and securing commercial agreements with foundries and product companies.

Average Trading Volume: 585,961

Technical Sentiment Signal: Hold

Current Market Cap: A$452.4M

For an in-depth examination of WBT stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1