Israel-based RRAM developer Weebit Nano raised $25.7 million AUD from four Israeli institutional investment and pension funds. The company also announced a pro rata non-renounceable Entitlement Offer to raise a further $9 million AUD.
The company provided shares at $2.84 AUD per share, which represents a 11.5% discount to the last closing price on 8 November 2021.
Israel-based RRAM developer Weebit Nano announced that together with its partner CEA-Leti, it has demonstrated production-level parameters of its RRAM technology in a 28nm process.
The company says that it has tested, characterized and measured functional 1 Megabit (Mb) ReRAM arrays in a 28nm process technology on 300mm wafers. The testing demonstrated the robustness of Weebit's ReRAM technology with results showing very good endurance and data retention alongside other production-level quality parameters.
Israel-based RRAM developer Weebit Nano has entered into its first commercial deal with US-based semiconductor foundry SkyWater Technologies. The deal includes a technology transfer agreement and a non-exclusive licensing agreement.
Weebit's ReRAM technology will be transferred to SkyWater’s production fab and then qualified for volume production by the end of 2022.
Israel-based RRAM developer Weebit Nano announced that it completed the design and the tape-out of its first embedded RRAM module. This integrated test-chip will be used as the final platform for testing and qualification, ahead of customer production.
Weebit says that it has used its patent-pending analog and digital smart circuitry to significantly enhance the array's technical parameters, including speed, retention and endurance. The test chip comprises a full sub-system in which the module is embedded, enabling potential customers to use it as a development and prototyping platform for new products such as low-energy IoT devices.
Israel-based RRAM developer Weebit Nano announced that it has developed the world's first commercial integration of an oxide-based ReRAM (OxRAM) cell with an ovonic threshold switching (OTS) selector. Weebit says that this is a critical step in the company's commercialization path for the discrete (standalone) memory market (which they hope to achieve by 2024).
The selector is a key element in a memory chip as it enables optimized cell access within the memory array. Weebit developed the technology for the integration together with its development partner CEA-Leti. Weebit says that this technology will broaden its target market beyond embedded memory to include discrete memory technology. In future architectures, the company aims to implement 3D memory stacking and crossbar architectures.
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 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.
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 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.
Israel-based SiOx RRAM developer Weebit Nano announced that it has signed a letter-of-intent with China-based SiEn QingDao Integrated Circuits to jointly investigate ways in which Weebitâs
technology can be used in SiEnâs products.
SiEn is a Communal Integrated Device Manufacturer (CIDM) company, which aggregates companies with similar target markets, technologies, production lines and customers to share common manufacturing technology production goals. Weebit hopes that its RRAM technology will
enhance SiEnâs competitive position by adding significant non-volatile memory capability to its future products.
Israel-based RRAM developer Weebit Nano Announced that it is launching a new program to address the needs of the discrete memory market
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.
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 Weebitâs 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 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.