Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Weebit Nano Ltd. ( (AU:WBT) ) has provided an announcement.
Weebit Nano Ltd. announced a significant commercial agreement with onsemi to license its ReRAM technology, which enhances its position as a leading provider of non-volatile memory solutions. The company also completed a successful $50 million capital raise, strengthening its financial position to support growth and ongoing R&D. The collaboration with onsemi is expected to facilitate further licensing opportunities, indicating strong industry acceptance of Weebit’s technology. Additionally, the appointment of Anne Templeman-Jones as a Non-Executive Director brings valuable governance and financial expertise to the board.
More about Weebit Nano Ltd.
Weebit Nano Ltd. operates in the semiconductor industry, specializing in Resistive RAM (ReRAM) technology. The company focuses on providing non-volatile memory solutions and aims to license its ReRAM intellectual property to integrated device manufacturers, foundries, and product companies.
YTD Price Performance: -36.39%
Average Trading Volume: 982,283
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$460.1M
For detailed information about WBT stock, go to TipRanks’ Stock Analysis page.
