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4DS Memory (ASX:4DS) - Non Executive Chairman, Drs Wilbert van den Hoek - The Market Herald
Non Executive Chairman, Drs Wilbert van den Hoek
Source: 4DS Memory
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  • Over the December quarter, 4DS Memory (4DS) strengthened its patent portfolio which now includes 29 granted patents
  • The semiconductor development company was granted three more U.S. patents which helped to strengthen its intellectual property (IP) portfolio
  • Essentially, 4DS is developing its Interface Switching ReRAM technology for improved storage-class memory in smart devices and cloud data centres
  • Another win for the company was its partner, imec, manufacturing the second non-platform lot wafers
  • An analysis of the wafers and refining process conditions is now underway and production is expected to begin by the middle of this quarter
  • In terms of financials, 4DS ended the quarter with $6.5 million — a slight drop from the $7.6 million in the previous quarter
  • However, it spent just $1.18 million on operating activities as opposed to $3.29 million in the September quarter
  • 4DS Memory's shares are down 2.94 per cent and trading at 16.5 cents

Over the December quarter, 4DS Memory (4DS) strengthened its patent portfolio and made a number of other technological advances.

4DS Memory's Interface Switching ReRAM technology has been developed as a better alternative to existing DRAM and NAND storage types.

While they both have their owns strengths, such as speed and less power requirement, they also have their own weaknesses like high cost and slow speed.

Essentially, 4DS is developing improved storage class memory with benefits from both.

The company announced that its collaboration partner, imec, successfully manufactured the second non-platform lot wafers and were received by 4DS in December.

The partners also agreed to refine the process conditions for the wafers in order to reduce risks at various stages of the fabrication process.

Since the end of the quarter, 4DS' technical team has been compiling and reviewing data and expects to complete the analysis before the end of January.

Additionally, imec has confirmed the second platform lot wafers will begin production by the middle of this quarter.

A major milestone for 4DS was being granted another three U.S. patents which brought the company's total number of granted patents to 29.

In addition to these, 4DS filed three more U.S. patent applications to protect its innovations and strengthen its intellectual property (IP) portfolio in the area of Interface Switching ReRAM for storage class memory near to DRAM.

To strengthen its board, 4DS welcomed Wilbert van den Hoek was appointed Chairman on November 30.

Wilbert is considered a veteran in the semiconductor industry with extensive leadership experience.

In terms of its financial figures, the company ended the quarter with $6.5 million which is a slight drop from the $7.6 million in the previous quarter.

However, it spent just $1.18 million on operating activities as opposed to $3.29 million in the September quarter.

Part of the decrease was due to less money being spent on research and development as well as a reduction in admin and corporate costs.

4DS Memory's shares are down 2.94 per cent and trading at 16.5 cents just after midday trade.

4DS by the numbers
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