Weebit Nano Secures Milestone Deal with Semiconductor Giant Onsemi

January 02, 2025 11:16 AM AEDT | By Team Kalkine Media
 Weebit Nano Secures Milestone Deal with Semiconductor Giant Onsemi
Image source: Shutterstock

Highlights

  • Landmark Licensing Agreement: Onsemi, a Nasdaq-listed tier-one semiconductor leader, has licensed Weebit Nano's ReRAM technology for integration into its Treo platform.
  • Financial Boost for Weebit: The deal includes licensing fees, non-recurring engineering payments, and future royalties once production begins.
  • Market Enthusiasm: Investors are optimistic as Onsemi, a $27 billion U.S.-based chipmaker, brings global exposure and significant revenue potential for Weebit Nano.

Weebit Nano (ASX:WBT) started 2025 on a high note, announcing a landmark licensing agreement with U.S.-based semiconductor giant Onsemi (ON Semiconductor). The deal marks a significant milestone for the Israeli-based tech innovator, as Onsemi becomes the first major chipmaker to adopt Weebit’s resistive random access memory (ReRAM) technology.

The agreement will see Onsemi integrate Weebit’s cutting-edge ReRAM technology into its Treo platform, laying the groundwork for advanced semiconductor solutions. This partnership not only solidifies Weebit Nano’s position in the global semiconductor market but also provides a robust foundation for future growth.

Under the terms of the deal, Weebit Nano will receive a licensing fee along with non-recurring engineering (NRE) payments to support the integration process. The company’s technical team is set to begin work immediately at Onsemi’s production plants, spearheading the integration and initial testing phases.

Once the integration process is complete and the ReRAM technology is fully incorporated into Onsemi’s chips, Weebit will begin earning royalties from the production. This revenue stream is expected to bolster the company’s financials significantly in the coming years.

Onsemi, which is better known as ON Semiconductor in the United States, is a Nasdaq-listed industry heavyweight with an annual revenue exceeding US$8.3 billion and a market capitalization of over US$27 billion. The collaboration with such a major player is a strong endorsement of Weebit Nano’s technology and potential.

The announcement has sparked a wave of excitement among investors, with market watchers noting the strategic importance of this partnership. Onsemi’s global reach and robust financial performance provide a powerful platform for Weebit Nano’s ReRAM technology to gain traction in the competitive semiconductor industry.

This agreement represents more than just a commercial win for Weebit Nano; it underscores the growing demand for innovative memory solutions in a data-driven world. ReRAM technology is gaining momentum due to its speed, energy efficiency, and scalability, making it an attractive option for next-generation semiconductor applications.

For Weebit Nano, the partnership with Onsemi is a validation of years of research and development. By securing its first major licensing agreement with a tier-one semiconductor manufacturer, the company has positioned itself as a formidable player in the global memory technology market.

 


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