Weebit Nano inks commercial agreement with major global foundry DB HiTek

• Weebit Nano (ASX:WBT) partners with DB HiTek to integrate its ReRAM technology into SoCs
• Weebit’s ReRAM will be used in DB HiTek’s 130nm BCD process, suitable for consumer, industrial, and IoT devices
• This technology offers low power consumption, cost-effectiveness, and high retention in extreme conditions
• The agreement includes technology transfer and licensing, allowing DB HiTek to use Weebit ReRAM for other process nodes
• WBT shares have had a solid run in the past couple of days, up almost 10 per cent today, trading at $3.65 at 12:07 pm AEDT

Weebit Nano (ASX:WBT) has entered into a commercial agreement with major global foundry DB HiTek to integrate Weebit’s ReRAM technology into customers’ analog and power designs.

Weebit’s ReRAM technology will be incorporated into DB HiTek’s 130nm Bipolar-CMOS-DMOS (BCD) process.

This technology finds its suitability across various applications, spanning consumer, industrial, and IoT devices, offering notable advantages like low power consumption, cost-effectiveness, and high retention, even under high-temperature conditions.

The agreement encompasses technology transfer, qualification, and licensing, affording DB HiTek the option to employ Weebit ReRAM for other process nodes.

This collaborative effort seeks to elevate retention, endurance, and power efficiency in DB HiTek’s customer products, promising innovative advancements in the tech industry.

“DB HiTek is one of the world’s top-tier foundries for analog and power integrated circuits,” WBT CEO Coby Hanoch said.

 “As one of the world’s largest contract chip manufacturers, DB HiTek’s extensive customer base can gain significant advantage from using Weebit ReRAM in their new product designs, including improvements to retention, endurance, and power consumption.”

While this news was released to the market yesterday, the company issued a notice today that its annual general meeting (AGM) is scheduled for November 23.

WBT shares have had a solid run in the past couple of days, up almost 10 per cent today, trading at $3.65 at 12:07 pm AEDT.