UPDATE: Weebit Nano Ltd (ASX: WBT) shares have surged 6% to $3.78 in morning trading, marking another impressive gain for the speculative stock. This surge comes just hours after the company announced a significant milestone in its manufacturing capabilities.
Weebit Nano, a leading developer of advanced semiconductor memory technology, revealed that it has successfully taped-out test chips featuring its embedded ReRAM module at onsemi’s production facility in New York. This development is crucial for the future of memory solutions in various sectors, including the Internet of Things (IoT), smartphones, robotics, and artificial intelligence.
The test chips, developed using onsemi’s 65nm Bipolar-CMOS-DMOS (BCD) process, are now set for final testing and qualification ahead of expected volume production. This key milestone not only enhances Weebit Nano’s competitive edge but also positions it favorably against deep-pocketed rivals in the semiconductor industry.
CEO Cody Hanoch commented on the news, 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.”
He emphasized the validation of their technology across multiple wafer lots, showcasing solid performance and reliability.
The significance of this announcement cannot be overstated. Weebit’s ReRAM technology promises to provide ultra-low-power, high-density non-volatile memory, which is essential for the next generation of intelligent devices. As this technology becomes integrated into onsemi’s next-generation products, it could unlock unprecedented levels of functionality and efficiency.
Following the announcement, Weebit Nano’s shares have skyrocketed over 150% in the past six months, generating excitement among investors. Market analysts are closely monitoring these developments, as the company’s advancements signal a potentially transformative shift in semiconductor memory solutions.
As Weebit Nano progresses toward qualification and production, investors and market watchers alike are eager to see if the company can maintain its upward trajectory amidst rising competition.
Stay tuned for further updates on this developing story and its implications for the semiconductor industry.
