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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.