Semiconductor company Weebit Nano (ASX: WBT) is working with Chinese memory solutions provider XTX Technology to enable the adoption of Weebit’s silicon oxide ReRAM technology by XTX, following successful verification testing at XTX facilities.
A joint team of Weebit and XTX engineers successfully verified Weebit’s ReRAM technology at an XTX facility in Shenzhen, China, reproducing the industry-leading technical parameters previously achieved with Weebit’s French development partner Leti. This successful external testing with XTX was achieved four months ahead of schedule.
The two companies are now investigating ways Weebit’s ReRAM memory technology can be integrated into XTX products.
XTX is a leading provider of flash memory chips, providing a variety of different Flash-based Non-Volatile Memory (NVM) solutions to about 2,000 customers, including some of the leading semiconductor companies worldwide.
Coby Hanoch, CEO of Weebit Nano, said: “We have now successfully completed our initial co-operation with XTX, demonstrating the effectiveness of our silicon oxide ReRAM memory technology in their facility. Having our technology verified at an independent external location is a major and critical milestone on the path to commercialisation. Importantly, we have also achieved this four months ahead of schedule. Weebit is focused on productising and commercialising its ReRAM memory technology, and we are delighted to have a quality partner in XTX.
During this test phase the combined Weebit-XTX team identified ways to adapt our technology to enable use by XTX in their products and we are now working with XTX to make this possible,” said Mr Hanoch.
Mark Long, CEO of XTX Technology, said: “We believe ReRAM will boom in the coming three to five years, driven by strong growth in 5G and AI. We will continue to work with Weebit to adapt the technology to our needs. We look forward to the opportunities this co-operation may lead to.”
Given this external verification, Weebit’s path to commercialisation is ahead of schedule and the company remains on track to transfer its technology to a production fab by December 2020.
