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A little info from Motley Fool FYI


Not only has 2023 been great for the Weebit Nano share price so far, but it’s also been an interesting one for the company. In fact, it’s on track to potentially post its first revenue this year.The company opened the year by revealing it had taped-out demonstration chips integrating its embedded resistive random-access memory (ReRAM) module in a 22 nanometre fully depleted silicon on insulator process technology. Its share price rocketed 7% on the back of the release.However, the market didn’t respond so well to the company’s quarterly report, released in mid-January, sending the Weebit Nano share price tumbling 5.6%.Within the report, the company noted it’s in discussions with multiple tier-1 fabs and key customers that have the potential to bring about new licensing agreements and orders.It was also on track to surpass numerous milestones in the coming quarters, including the completion of technology qualification with partner SkyWater and starting to scale embedded ReRAM technology below 22 nanometres. It stated:Our progress in the first half of the financial year means we are well-placed to productise our embedded ReRAM technology and secure first revenues in 2023.Thus, investors in the ASX tech share have lots to be excited about this year.