Weebit Nano (ASX: WBT), an Israel-based semiconductor company into the business of developing and commercializing ReRAM silicon oxide technology, reports an excellent test result of its ReRAM cells which is an essential step for WBT towards moving to 300mm wafers at 28nm. To produce a non-volatile memory, the basic requirement of the semiconductor should be to possess stable voltage levels and strength. Keeping this in mind the company designed the ReRAM cells.
WBT along with its partner Leti, which is a French research institute and a global leader in the field of micro-electronics, performed a test to understand the strength of array-level above 100,000 cycles which is the minimum requirement to meet the expectations of the storage memory market. Based on the array performance, in the upcoming week, there will be a further characterization of the array levels where the primary target will be to ensure that there is an extended endurance and retention while preparing for the migration to 300mm wafers at 28nm.
Weebit further assured its investors that the SiOx ReRAM layer used in the semi-conductors fits well to various tools and technologies that are used by different production fabs.
Coby Hanoch, the CEO of the Weebit Nano, states that the improvement phase of the baseline technical parameter is an important milestone for the company towards the process of the commercialization. The company has developed various compositions and process conditions to achieve high yields and reliability across multiple fabs and products and to control the SiOx parameters for the desired performance. With the improved performance, these SiOx ReRAM will give a better performance through low voltage levels and can easily get combined with the CMOS nodes used in low power applications.
The company also has plans to use different tools and technologies which will be used by different production fabs and will giving a cutting edge to those companies who are using ReRAM memories which includes artificial intelligence and IoT applications.
The official listing date of WBT on ASX was 21 December 2010 and since then the company’s stock has generated a negative performance of 85.71%.
For the Financial year 2018, which ended on 30 June 2018, Weebit Nano made a net loss of $4,301,869. The balance sheet of WBT shows a healthy status with a net asset base of $3,494,364 and a debt-equity ratio of 0.15 which indicates that the company is financially strong to manage its long-term obligations. WBT has a total current asset of $3,914,139 and a total current liability of $511,602 which indicates that the company can efficiently handle its short-term obligations and can also clear short-term debts. However, due to weak operating performance, FY2018 reports an increase in the accumulative losses. The total shareholder’s equity was worth $3,494,364. The net cash and cash equivalent by the end of the year were $3,356,748.
By the end of the trading session on 15 January 2019, the share price of WBT crashed by 13.33%. The closing price of the share was A$0.026 with the market capitalization of A$47.74 million.
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