On 09 January 2019, Weebit Nano (ASX: WBT) has published a release which contains information relating to the Development Program Partnership. Weebit Nano is operating in the semiconductor industry and is based out in Israel. The company has been working for the commercialization as well as the development of next-gen memory technology. However, Silvaco is in the business of providing IP, software as well as services so that the semiconductor companies’ electronic systems, as well as chips, can be designed.
According to the press release, both the companies, i.e. Weebit and Silvaco have joined hands for the formation of Development Program Partnership so that the SiOx ReRAM devices’ electrical behaviour can be modelled.
Both the companies mentioned above, i.e. Weebit Nano Limited as well as Silvaco would be jointly carrying out the work so that the TCAD (or Technology Computer-Aided Design) solution can be built up. This is required for modelling the WBT’s ReRAM devices’ electrical behaviour. We would understand what the key executive of Silvaco has to say. The company’s key executive had stated that there has been a favourable momentum with regards to new devices’ usage for the artificial intelligence (or AI), big data, as well as neuromorphic computing and the ReRAM technology, would be playing an important role in this. The key executive reflected positive views and also stated that WBT is an important player in the ReRAM market.
Also, the top management of Weebit Nano Limited was positive with regards to the latest news and stated that Silvaco happens to give state-of-the-art device models as well as Technology Computer-Aided Design tools which are being utilized by the semiconductor companies.
Not so long ago, Weebit Nano Limited had issued the Q1 FY2019 activities update with the help of press release in which it mentioned about the capital raising program. The company stated that it had managed to garner $3 million with the help of share placement which has been done to the present investors and numerous institutional as well as sophisticated investors.
We will now have a look at how the stock of Weebit Nano Limited has been performing over the past few months. At the time of writing, the stock price of Weebit Nano Limited has been trading at A$0.030 per share. The market capitalization of Weebit Nano Limited is $47.74 million, and the stock price of the company is trading towards the lower level.
Coming to the past performance of Weebit Nano Limited’s stock, the company had delivered the return of -50.82% in the past six months and gave -11.76% return in the period of last three months. However, the stock of Weebit Nano Limited had given 30.43% return in the period of past one month.
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