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

Weebit announces a program to enter the discrete memory market

Israel-based RRAM developer Weebit Nano Announced that it is launching a new program to address the needs of the discrete memory market

Weebit packaged RRAM chip photo

Weebit says it is accelerating its entry into the discrete, stand-alone, memory chip market. Weebit says that a key element required for discrete memory chips is the selector, which helps isolate the memory cells so that only the specific cells which should be modified actually are, and all the other cells are disconnected and not impacted.

Read the full story Posted: Feb 13,2020

XTX verifies Weebit's ReRAM memory technology

In August 2019 Israel-based SiOx RRAM developer Weebit Nano announced that it has signed a letter of intent with XTX Technology to investigating ways in which XTX can use Weebit’s technology in its products. Today Weebit announced that XTX verified the technical parameters of Weebit's ReRAM technology and reproduced the results previously achieved with Leti.

Weebit Nano RRAM chip prototypes photo

Weebit says that this successful external testing with XTX was achieved four months ahead of schedule. The two companies are now investigating ways to integrate Weebit's ReRAM memroy technology into XTX Products.

Read the full story Posted: Dec 12,2019

Weebit is adapting its RRAM technology to meet a Tier-2 customer unique memory requirements

Israel-based RRAM developer Weebit Nano announced that it is in "advanced discussions" with a Tier-2 company to adapt Weebit's technology to meet the customer's unique memory module requirements.

Weebit packaged RRAM chip photoWeebit Nano also announced that it has signed an agreement with Kitec Design that will be Weebit's representative in South Korea, Weebit's most important market (as Korea produces 57% of the global memory chip supply). Weebit is already engaging with several potential customers in Korea, including the Tier-2 company.

Read the full story Posted: Jul 24,2019

Leti tests Weebit's RRAM chips for endurance and retention

Israel-based RRAM developer Weebit Nano announced that its partner Leti has perform retention and endurance tests on its SiOx RRAM technology - and found it to be "at the forefront of the market".
Weebit packaged RRAM chip photoWeebit says that its RRAM demonstrated retention of over 10 years at 130-150 degrees (these high temperatures could enable its RRAM to target the demanding automotive market). Leti also found that a single SiOx RRAM cell endured a million cycles

Read the full story Posted: May 01,2019

Weebit announced a collaboration project with the Technion Institue in Israel

Israel-based SiOx RRAM developer Weebit Nano has signed an agreement to collaborate with the Technion Institute in Israel. Weebit will work together with a team of researchers to examine the possible use of ReRAM devices in processing-in-memory that could speed up processing, memory transfer rate and memory bandwidth and decrease processing latency – while using less power.

Read the full story Posted: Feb 13,2019