- Weebit Nano (WBT) says it made significant in-roads towards commercialisation during its December quarter, which was bolstered by a $35.2 million raising
- During the quarter the company transferred its technology to SkyWater’s US production fab, where the first prototype tape-out is expected to be completed by mid-year
- The company also reached a commercialisation milestone during the quarter with the completion of demo chips enabling customers to test the technology before ordering
- Additionally, the company raised $14.8 million through exercising of listed options, while research and distribution (R&D) costs totalled $11.7 million
- Shares have been in the grey at $2.98
Weebit Nano (WBT) has said it made significant in-roads towards commercialisation during its December quarter, which was bolstered by a $35.2 million raising.
During the quarter, the company transferred its technology to SkyWater’s US production fab, where the first prototype tape-out is expected to be completed by mid-year.
Once Weebit’s technology has been qualified, SkyWater will add it to its 130nm process
design kit, enabling SkyWater customers who license Weebit’s technology to embed it within new product designs they develop and mass-produce at SkyWater’s fab.
The company also reached a commercialisation milestone during the quarter with the completion of demo chips enabling customers to test the technology before ordering.
Weebit worked with CEA-Leti to successfully manufacture the demo wafers, which are now being sliced into chips, packaged, tested, characterised and qualified
Additionally, the company raised $14.8 million through exercising of listed options, while research and distribution (R&D) costs totalled $11.7 million.
The company said the majority of R&D costs are paid in the December quarter, with the total yearly R&D costs reaching $16.1 million.
Shares were trading flat at $2.98 at 11.44 am AEDT.