Commercial Partnership[!!

from market eye, not asx

Weebit Nano (ASX:WBT) has today entered into a commercial partnership with US semiconductor foundry SkyWater Technology Inc. (NASDAQ: SKYT) to take its innovative ReRAM technology to mass production. Under the partnership, SkyWater has licences Weebit’s ReRAM technology for use in customer designs.

SkyWater is a US-based-and -owned semiconductor developer, manufacturer and a US Department of Defense-accredited supplier. It specialises in advanced product design, development and volume manufacturing of differentiated Integrated Circuits (ICs) for use within the aerospace, defense, automotive, consumer, industrial and IoT industries.

Coby Hanoch, CEO of Weebit Nano, said: “Weebit’s first commercial agreement is a major milestone for the Company. It enables us to mass produce our cutting-edge ReRAM technology and offer it to SkyWater’s extensive customer base, putting us on the path to ongoing revenue generation. SkyWater is the ideal first commercial partner for us – they have an impeccable reputation in microelectronics industry, and our ReRAM aligns with their focus on technologies for the future.

“As a licensee of our next-generation memory technology that we have developed in collaboration with Leti, SkyWater will be able to include our ReRAM within new product designs they are developing and manufacturing. We look forward to collaborating with SkyWater, starting immediately with the transfer of our technology to their US-based production fab.”