Financial - Page 2

Singapore's Nanyang Technological University (NTU Singapore) and GlobalFoundries announced a partnership to jointly research next-generation RRAM memories. The two partners will invest $88 million USD with an aim to demonstrate RRAM memory devices produced on 12-inch wafers.

NTU and GF-Singapore are already collaborating on spintronics - the study of electron spin and its applications, including MRAM memory (NTU and GF are founding members of the Singapore Spintronics Consortium. In this new ReRAM project, 16 researchers will work together to research areas such as circuit design for next-generation smart devices and chip packaging for advanced IoT applications.

Strategic Elements announces that it has received financial support from the Australian government to extend the development of its Nanocube RRAM memory ink with CSIRO. The $100,00 grant will be co-funded by the government and SER.
The program of work at CSIRO is expected to be conducted over a 12-week period, and SER will make progress updates where appropriate.

Israel-based SiOx RRAM developer Weebit Nano has raised $3 million AUD ($2.16 million USD) via a share placement and the company also plans to raise a further $1 million soon. Weebit's board of directors invested $150,000 as part of this placement.

Weebit recently announced that it has packaged its first memory devices into chips, which can now be shipped to its partners. The first RRAM memory will be delivered to universities to research the use of ReRAM technology in neuromorphic computing, and additional chips are planned to be shipped to commercial partners.

Strategic Elements announces an updates regarding its Memory Ink project status - and said that it has recently tested its spin-coated Memory Ink device (based on a glass substrate and silver electrodes). The tests, performed at UNSW, were successful and 100% of the memory cells operated successfully and showed "suitable" endurance.

SER is working with CSIRO, which reproduced the tests done at UNSW successfully - although the endurance results achieved at UNSW could not be repeated. SER will continue to work with UNSW to understand the variability in process and results. The company is also looking into a collaboration with VTT Finland.

Australia-based RRAM developer 4DS Memory announced the successful completion of a placement of $4 million AUD (about $3 million USD). 4DS says that the placement was significantly oversubscribers and the proceedings will be used to fund 4DS' ongoing RRAM development activities.

A few days ago 4DS announced the fabrication of a working 40nm RRAM memory cell in collaboration with HGST, a subsidiary of Western Digital.

Israel-based RRAM developer Weebit Nano has made its debut on the Australian share market, trading under the ticker ASX:WBT, following a reverse merger with a mining company shell called Radar Iron Ltd.

As part of the share floating, Weebit raised $5 million AUD, and the company reportedly aims to raise a further $10 million AUD in the coming weeks. The company's shares started the day at 5 cents but ended it on 4 cents putting the market cap at $13.4 million AUD.

During the company's recent conference call, Adesto Technologies's CEO said that the company continues to see a large number of customers sampling Adesto's Mavriq RRAM product. Adesto is confident that it will receive initial orders in 2016, with significant revenues from this product family in 2017.

Adesto recently announced a second CBRAM product family, the Moneta. Adesto is now sampling these chips with customers and expect to start shipping it in 2017.