Weebit Nano’s ReRAM technology is now available to SkyWater customers

Weebit Nano’s ReRAM technology (Resistive Random Access Memory) is officially on the shelves, metaphorically speaking. 18 months since Weebit commenced its collaboration with American semiconductor fab SkyWater Technology (NDQ:SKYT), it is available to SkyWater customers.

 

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What’s the big deal with Weebit Nano’s ReRAM technology?

There’s no shortage of articles about Weebit Nano’s ReRAM technology and the company generally on the Stocks Down Under website. You can find them by searching the keyword “WBT” on our website and you’ll find enough material about the company to make yourself a Weebit expert. 

To make a long story short, Weebit Nano’s ReRAM is a type of computer memory that operates faster but with less energy intensity and greater storage space capabilities.

The company spent several years developing its technology before signing its first collaboration with SkyWater in September 2021.

The ambition of the deal was to take Weebit’s ReRAM to volume production although this would take some time. SkyWater licensed the technology, bought it to its own fab and undertook qualification of the technology.

Weebit shares are up over 100% this calendar year and are up nearly 500% in 5 years!

 

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

What’s happening today?

Now that qualification is complete, Weebit Nano’s ReRAM is officially available to SkyWater customers.

Weebit investors, ourselves included, expect that this deal will be the first of many once the technology is proven in a commercial setting, made available to customers and that other semiconductor fabs will realise the technology is superior to existing solutions ou there.

Today’s announcement means we will see revenues this calendar year. It also means we are closer to further deals with competing semiconductor fabs.

So, while today’s share price response may be nuanced, relative to the movement over the last 18 months, we think today’s announcement is a very big step!

 

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

 

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