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Weebit Nano (ASX:WBT) - CEO, Coby Hanoch - The Market Herald
CEO, Coby Hanoch
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  • Tech developer Weebit Nano (WBT) is soaring this morning after completing an important tech stabilisation process for its ReRAM tech
  • This means the company is ready to transfer the tech to a production fabrication facility, also known as a fab
  • The success of the tech stabilisation process is an important milestone in commercialising Weebit's tech
  • The process creates a solid foundation for module intellectual property design, standalone memory for mass storage, and production in a foundry
  • Weebit's ReRAM tech is designed to be faster and more stable than conventional memory tech like RAM and flash storage
  • Shares in Weebit are trading 20 per cent higher this morning, currently worth 90 cents each

Computer memory device developer Weebit Nano (WBT) is soaring this morning after completing an important tech stabilisation process for its ReRAM tech.

The company said it has completed the final stage of the stabilisation process with research partner Leti by successfully reducing cell-to-cell and die-to-die non-uniformity in its product.

For those unfamiliar with memory tech jargon, the key takeaway is that these improvements are a key milestone to commercialising Weebit's tech. The company said the successful stabilisation process creates a solid foundation for module intellectual property (IP) design, standalone memory for mass storage, and production in a foundry.

Moreover, Weebit said it is now ready to transfer its tech to a production fabrication plant, also known as a fab.

Weebit CEO Coby Hanoch said today's success is the result of four years of extensive research by the Weebit and Leti engineering teams.

"In parallel to completing the stabilisation process which has reinforced the capabilities of our technology, we are moving closer to commercialisation, engaging in discussions with a production partner and working towards transferring our IP and achieving technology qualification in the partner’s fab," Coby said.

"Our close collaboration with Leti will continue, as we constantly strive to improve and further optimise the technical parameters of our silicon oxide ReRAM," he said.

What is ReRAM?

Resistive random-access memory, or ReRAM, is the latest solution to issues arising from conventional computer memory tech.

Essentially, most computers use a mixture of main memory, or dynamic RAM (DRAM), and Flash memory. While developments in flash tech have made it possible to create single chips like USB sticks and SSD drives, each of these types of memory come with their own challenges.

For example, DRAM is fast but volatile, while flash is table but slow.

ReRAM, then, is designed to combine the advantages of these types of memory while eliminating the challenges. The tech can be made using silicon oxide (SiOx), which is already the most common material used in the semiconductor industry.

This means Weebit's tech is easy to manufacture and can be embedded into other technologies to provide efficient memory that is easy to produce.

Shareholders seem impressed with Weebit's tech, and shares in the company are trading a neat 20 per cent higher in early action. At 10:56 am AEDT, Weebit shares are worth 90 cents each.

WBT by the numbers
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