Weebit Nano Ltd
ASX:WBT
Weebit Nano Ltd
Weebit Nano Ltd. engages in the development of next generation non-volatile memory using a resistive RAM technology. The company is headquartered in Melbourne, Victoria. The company went IPO on 2010-12-21. The firm is focused on developing non-volatile memory (NVM) using a Resistive RAM (ReRAM) technology based on Silicon Oxide (SiOx). The firm's ReRAM allows semiconductor memory designing to be significantly faster, more reliable and more energy-efficient than flash memory solutions. Its ReRAM offers higher performance and lower power memory solutions in a range of new electronic products such as Internet of Things (IoT) devices, smartphones, robotics, autonomous vehicles, 5G communications and artificial intelligence. Its technology is based on fab-friendly materials, which can be processed without any special equipment.
Weebit Nano Ltd. engages in the development of next generation non-volatile memory using a resistive RAM technology. The company is headquartered in Melbourne, Victoria. The company went IPO on 2010-12-21. The firm is focused on developing non-volatile memory (NVM) using a Resistive RAM (ReRAM) technology based on Silicon Oxide (SiOx). The firm's ReRAM allows semiconductor memory designing to be significantly faster, more reliable and more energy-efficient than flash memory solutions. Its ReRAM offers higher performance and lower power memory solutions in a range of new electronic products such as Internet of Things (IoT) devices, smartphones, robotics, autonomous vehicles, 5G communications and artificial intelligence. Its technology is based on fab-friendly materials, which can be processed without any special equipment.
Landmark TI Deal: Weebit Nano signed a major licensing agreement with Texas Instruments, marking a significant milestone and progress with top-tier semiconductor companies.
DB HiTek Qualification: The company completed the qualification process with DB HiTek, meeting JEDEC requirements and moving towards mass production.
onsemi Progress: onsemi delivered wafers to Weebit within a year of signing, with initial die testing showing positive results.
Record Cash Quarter: Weebit reported another record quarter for cash inflow, though management cautioned this may not be indicative of future quarters.
FY26 Revenue Guidance: Management reaffirmed guidance of over $10 million in revenue for fiscal year 2026.
AI Strategy: Weebit is developing its AI offering, focusing on in-memory compute and software solutions, with new hires to lead and expand this initiative.
Growing Customer Interest: The TI deal has increased urgency among other foundries and IDMs, with active negotiations ongoing.
Hiring Focus: The company plans to grow its design and customer support teams to support expansion and future royalties.
