Weebit Nano raises US$40 million to transfer ReRAM to fabs
Weebit Nano Ltd. (Hod Hasharon, Israel) has raised about A$60 million (about US$40 million) that it will use to transfer its memory technology into “tier-1 fabs and foundries.”
The nonvolatile memory developer is listed on the Australian Stock Exchange, and has completed a share purchase plan and an institutional share placement that has raised gross proceeds of A$15 million and A$45 million respectively. Weebit said in a ASX announcement that Weebit is in “discussions with the majority of the world’s leading fabs and integrated device manufacturers.”
Weebit CEO Coby Hanoch said: “The funds raised ensure we are well-positioned to capitalise on significant demand in the NVM market, progressing our commercial roll-out with leading fabs, foundries and potential customers.”
Hanoch added: “Our first ReRAM Module is already available in US fab SkyWater Technology’s 130nm process, and we have demonstrated the ability to scale down to 22nm. These achievements, combined with our industrial qualification data, are supporting our discussions with the majority of the world’s leading fabs and integrated device manufacturers.”
The company did not give any further names of fabs or foundries or any timetable for the transfer of the technology or its availability from this other fabs and foundries.
Related links and articles:
News articles:
Weebit ReRAM starts to roll at Embedded World
Weebit tapes out ReRAM on 22nm FDSOI process
Infineon’s microcontrollers to go RRAM with TSMC
Weebit qualifies ReRAM for production on 130nm process
Weebit tapes out ReRAM demo chip with SkyWater foundry
Weebit moves ReRAM on to ‘secret-sauce’ materials
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