NowWeebit signs first commercial deal to take its ReRAM...

Now
Weebit signs first commercial deal to take its ReRAM technology to volume production with US-based SkyWater9 September 2021 – Weebit Nano Ltd (ASX: WBT) a leading developer of next-generation semiconductor memory technologies, is pleased to announce that it has entered into its first commercial deal, with a subsidiary of semiconductor foundry SkyWater Technology Inc. (NASDAQ: SKYT; US$1.3 billion market capitalisation1).Weebit’s first commercial deal is a critical milestone for the Company, providing commercial validation of Weebit’s ReRAM technology and commencing the growth trajectory for the Company’s cutting-edge technology onto customers’ chips.SkyWater is a US-based and US-owned, US Department of Defense accredited pure play technology foundry, specialising in advanced innovation engineering services and volume manufacturing of a wide variety of differentiated integrated circuits (ICs). SkyWater supports customers developing and manufacturing ICs in various markets including aerospace and defense, automotive, computing and cloud, consumer, industrial, and medical. SkyWater is dedicating a significant amount of time and resources to support commercialisation of Weebit’s technology.The Company’s agreement with SkyWater will take Weebit’s innovative ReRAM technology to volume production via a license to SkyWater to manufacture customer designs containing Weebit’s technology, once the technology has been qualified in SkyWater’s production fab. Weebit and SkyWater will also cooperate in marketing and sales activities. The partnership includes both technology transfer and qualification, and licensing agreements.Technology transfer and qualification agreementUnder the technology transfer and qualification agreement, Weebit and SkyWater will immediately cooperate in transferring Weebit’s embedded ReRAM technology to SkyWater’s production fab and then continue to qualify it, aiming for volume production by the end of 2022. Weebit will participate in the cost of this transfer, which is not expected to be material and is provided for within existing cashflow.Technology licensing agreementUnder the technology licensing agreement, SkyWater receives a non-exclusive license to Weebit’s ReRAM technology, and will pay Weebit a license fee that is not material for Weebit based on the achievement of agreed upon milestones. SkyWater intends to add Weebit’s qualified memory module (and later additional variants of it) to its 130nm Process Design Kit (PDK)2.