WBT is a leading developer of advanced semiconductor memory technology, this $633mn stock has demonstrated huge volatility over the last 12 months, something which often accompanies plenty of optimism but no profits – the big question is how fast the company is burning cash, if this accelerates the stock could be retesting its long term $2 support with a very limited life span in the main index
Weebit Nano Ltd. is an Australia-based company that develops semiconductor memory technology. The Company is focused on developing non-volatile memory (NVM) using a Resistive RAM (ReRAM) technology based on Silicon Oxide (SiOx). The Company is also a developer of semiconductor memory technology for the global semiconductor industry, confirms demonstration (demo) chips integrating its embedded Resistive Random-Access Memory (ReRAM). The ReRAM product provides higher performance and lower power memory solutions in a range of electronic products, such as Internet of things (IoT) devices, smartphones, robotics, autonomous vehicles, fifth generation (5G) communications and artificial intelligence. The Company’s demo chips, designed as a system on a chip (SoC), provides customers with physical samples of ReRAM memory technology within operational chips. Its demo chips also enable its customer to begin incorporating Weebit’s memory technology within their product designs.
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