- Technology stock 4DS Memory (4DS) receives two sets of wafers from its research and development partner, imec
- Amongst the wafers received are those needed for the company’s Second Platform Lot and the Third Non-Platform Lot
- 4DS says 18 wafers were received for the Second Platform Lot and 23 for the Third Non-Platform Lot, with analysis of both sets now underway
- The technology company is planning to report the results from the analysis once they’ve been finalised with imec
- 4DS shares have rallied following the announcement, up 6.9 per cent at 15.5 cents each
Technology stock 4DS Memory (4DS) has received two sets of wafers from its partner imec, a research and development organisation.
4DS has signed collaboration and production agreements with imec as it works on its Interface Switching ReRAM technology.
The company said amongst the wafers received from imec were those needed for its Second Platform Lot and the Third Non-Platform Lot.
Specifically, 4DS said 18 wafers were received for the Second Platform Lot and 23 wafers for the Third Non-Platform Lot.
4DS explained it decided to manufacture the wafers for the Third Non-Platform Lot so it can “build an extensive data set around the process parameters for its
Interface Switching ReRAM technology.”
Next steps for the technology stock include beginning analysis on both sets of the wafers.
In a statement to shareholders on Monday, 4DS said it expects the analysis to be “extensive and time-consuming”, with no end date announced.
Instead, the company advised it would report the results from the analysis once they’d finalised the data with imec.
Today’s announcement sparked some movement in the 4DS share price, with the company’s securities up over 10 per cent during early trade on Monday.
4DS shares were trading up 6.9 per cent at 15.5 cents each at 1:35 pm AEST.