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Weebit Nano Ltd

Weebit Nano Ltd joins Leti to develop advanced memory technology

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Weebit Nano Ltd (ASX:WBT) has partnered with Leti, a French microelectronics research institute, to develop an advanced memory technology to replace flash memory.

The partners will work on advanced resistive random-access memory (ReRAM) based on silicon oxide (SiOx).

ReRAM technology is forecasted to replace flash memory that is approaching its scaling limits.

Israeli flash memory company Weebit Nano listed on the ASX last month after raising $5 million via a reverse merger into the shell of mining company Radar Iron.

Weebit’s core technology has shown the potential to deliver a 1,000x faster, cheaper and a 1,000x more energy-efficient memory than flash.

The flash market was estimated to total nearly $US35 billion in 2015 and is expected to grow exponentially over the next five years.

Weebit will benefit from having access to the advanced facilities of Leti, including an 8,500 square metres semiconductor cleanroom area.

The two partners will develop SiOx ReRAM memory that is scalable to 40 nanometres, which opens opportunities in the multi-billion-dollar memory market.

ReRAM is expected to replace flash, not only in mass storage environments such as cloud data centres and solid-state drives, but also in diverse consumer-related fields like wearable devices.

The IoT market alone is estimated to reach trillions of dollars per year as 50 billion devices are expected to be connected to the Internet by 2020.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Weebit Nano Ltd

Price: $0.44

Market: ASX
Market Cap: $27.69 m
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