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Weebit Nano Ltd. ( (AU:WBT) ) has provided an update.
Weebit Nano has signed a licensing agreement with Texas Instruments under which TI will integrate Weebit’s ReRAM non-volatile memory IP into its advanced embedded processing chips. The long-term deal, which covers IP licensing, technology transfer, and the design and qualification of ReRAM in TI’s process nodes, is strategically significant for Weebit as it aligns with the industry’s shift away from flash toward ReRAM and bolsters the company’s position as a leading independent provider of this technology, although the financial impact remains uncertain and royalty flows are only expected to begin in the medium term.
The most recent analyst rating on (AU:WBT) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Weebit Nano Ltd. stock, see the AU:WBT Stock Forecast page.
More about Weebit Nano Ltd.
Weebit Nano Ltd. is a semiconductor memory technology developer and licensor focused on resistive RAM (ReRAM), a non-volatile memory designed to deliver higher performance and lower power consumption than traditional flash. Its technology targets applications such as IoT devices, smartphones, robotics, autonomous vehicles, 5G communications and artificial intelligence, and is designed to be easily integrated into existing chip manufacturing processes without major new equipment or investment.
Average Trading Volume: 992,054
Technical Sentiment Signal: Buy
Current Market Cap: A$1.03B
For a thorough assessment of WBT stock, go to TipRanks’ Stock Analysis page.