Weebit Nano (ASX:WBT) passes another significant milestone on the first trading day of 2023

Nick Sundich Nick Sundich, January 3, 2023

On the first trading day of 2023, Weebit Nano (ASX:WBT) released the latest good news to its shareholders. The company’s demo chip was taped-out at 22nm for the first time. But what does this mean?

 

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Everything you always wanted to know about Weebit Nano

WBT has spent several years working on its ReRAM technology. We have followed this company’s progress every step of the way – you can find most of our articles by searching the keyword “WBT” on the Stocks Down Under website. And if you want to become an expert on WBT, just check out our parent company’s website Pitt Street Research. You’ll find enough research on WBT there to understand why we are so bullish on this stock. 

 

What’s the story?

To put a long story short, WBT’s ReRAM technology helps semiconductor memory chips to be significantly faster, less expensive, more reliable and more energy efficient than competing technologies, such as Flash Memory.

This is not just because of ReRAM’s superior performance, but because the technology can scale much smaller than other technologies – today WBT’s ReRAM can scale to 22nm while most technologies cannot scale below 28nm or 40nm. And we expect ReRAM will be scaled down to 16nm and 12nm in due course. 

 

Weebit Nano (ASX:WBT) share price chart (Source: TradingView)

 

Another milestone for WBT

As good as this sounds, it has been a long and steady task for Weebit Nano to get the technology to market, and a task that the company is still working on. But the latest milestone has been reached.

The company announced that it had ‘taped-out’ its first demonstration chip, meaning it had released it to manufacturing. Furthermore, it had taped-out the chips in an advanced FD-SOI (fully depleted silicon on insulator) process technology. 

This was important news in its own right, but also an indication that shareholders have more good news and milestones to look forward to in CY23! 

One of those milestones will be the announcement of additional commercial deals with tier-1 semiconductor manufacturing companies, such as foundries and Integrated Device Manufacturers (IDMs). So stand by for more good news to come!

 

Disclosure: Stocks Down Under/Pitt Street Research directors and staff own shares in Weebit Nano.

 

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