Weebit is counting on big orders from China, where demand for flash storage is four or five times greater than local production capacity. “The target market is estimated at $82bn by 2023,” said Hanoch.
Among its prospects, XTX Technology – a China-based memory maker –successfully tested integration of ReRAM circuits with its products in December 2019. Currently, it aims to equip components for industrial robots that need to process data locally and need persistent storage to do so by the end of the year.
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