Financial

Weebit Nano announces first IP licensing revenue for its embedded RRAM technology

Israel-based RRAM developer Weebit Nano announced that it has received its first IP licensing revenue for its embedded ReRAM technology.

Weebit packaged RRAM chip photo

This initial licensing fee is $100,000. Weebit’s plan is to generate revenues from foundries and product companies in three main ways: licensing fees for design and manufacture; engineering fees for designs and processes; and royalties for use by customers, which will be received once customers begin shipping end products.

Read the full story Posted: Nov 06,2023

Weebit Nano raised $40 million to accelerate the commercialization of its RRAM technology

Israel-based RRAM developer Weebit Nano announced that it has secured $40 million USD in its latest financing round, meant to accelerate the development and commercial roll-out of its ReRAM technology. 

Weebit crossbar RRAM scheme

The fund raising took part through the placements of 12 million new shares to international institutional investors, as well as an oversubscribed share purchase plan (SPP) to existing shareholders.

In early 2023 Weebit taped-out demonstration chips integrating its embedded RRAM module in an advanced 22nm FD-SOI process technology. In November 2022 the company announced that it has received the first silicon wafers from SkyWater Technology, with embedded Weebit RRAM.

Read the full story Posted: Apr 25,2023

Intrinsic Semiconductor Technology raises $8.4 million to bring its RRAM technology to market

UK-based Intrinsic Semiconductor Technologies (Intrinsic) has raised $8.4 million USD to further develop and commercialize its RRAM memory technology. The funding was led by Octopus Ventures, and was supported by existing investors and the UK government.

Intrinsic was spun-off from University College London (UCL) in 2017. The company's main technology is a silicon-oxide based RRAM memory, which is said to be fully air stable and inherently CMOS compatible. The company says its memory devices will be cheaper and easier to produce compared to competitive technologies.

Read the full story Posted: Mar 15,2023

GlobalFoundries acquires CBRAM technology from Renesas Electronics

GlobalFoundries announced that it acquired RRAM technology from Renesas Electronics, for use in chips for home and industrial IoT devices and smart mobile devices.

The RRAM technology originated at Dialog Semiconductor, which Renesas acquired. In 2020, Dialog licensed its CBRAM technology to GlobalFoundries. Dialog's RRAM technology, in turn, was developed by Adesto Technologies which was acquired by Dialog in 2020.

Read the full story Posted: Feb 14,2023

RRAM developer Intrinsic raises $1.85 million

UK-based RRAM developer Intrinsic Semiconductor Technologies (Intrinsic) announced it closed a $1.85 million seed funding round, led by investors UCL Technology Fund and IP Group plc. The company will use the funds to develop prototypes of its RRAM memory devices on 300 mm silicon wafers in collaboration with imec.

Intrinsic was spun-off from the University College London (UCL) in 2017. The UCL Technology Fund is now supporting this next stage in the company's life.

Read the full story Posted: Mar 24,2021

Weebit Nano raises a further $12 million AUD to accelerate its R&D and commercialization

Israel-based RRAM developer Weebit Nano announced it has raised $12 million AUD in its recent placement. The company says that its new funds will enable it to accelerate its commercialisation initiatives, including strengthening its technology, engineering and sales teams and increasing marketing activities in the embedded memory market. A non-underwritten share purchase plan to raise up to $3 million will be offered to eligible shareholders on the same terms as the Placement.

Weebit packaged RRAM chip photo

Weebit says it remains on track to achieve its first commercial agreement by mid-2021. Weebit Nano will also be able to accelerate the next phase of standalone memory development across both the technical and commercial aspects to fast track deployment, whilst also developing the next generation of its neuromorphic demo.

Read the full story Posted: Nov 25,2020

Weebit Nano raises $6.6 million AUD in a two-tranche placement

Israel-based RRAM developer Weebit Nano announced it has raised $6.6 million AUD via a two-tranche placement. The funds will be used to complete its memory module development, transfer the technology to a production fab and continue its work on discrete RRAM memory technology.

Weebit packaged RRAM chip photo

Weebit says that the placement was priced at a discount of around 22% to its current share price. The company now hopes to accelerate its development work and make up lost time from the COVID-19 shutdown.

Read the full story Posted: Jun 15,2020

NTU and GlobalFoundries to co-develop RRAM memories on 12" wafers

Singapore's Nanyang Technological University (NTU Singapore) and GlobalFoundries announced a partnership to jointly research next-generation RRAM memories. The two partners will invest $88 million USD with an aim to demonstrate RRAM memory devices produced on 12-inch wafers.

NTU and GF-Singapore are already collaborating on spintronics - the study of electron spin and its applications, including MRAM memory (NTU and GF are founding members of the Singapore Spintronics Consortium. In this new ReRAM project, 16 researchers will work together to research areas such as circuit design for next-generation smart devices and chip packaging for advanced IoT applications.

Read the full story Posted: Oct 21,2019