WBT 4.94% $2.55 weebit nano ltd

Also confirmed in this article,...

  1. 516 Posts.
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    Also confirmed in this article, link
    https://www.ftcelectronics.com/news/db-hitek-wafer-factory-will-produce-tesla-chips.

    In both articles the process mentioned was using the
    "bipolar-CMOD-DMOS, or BCDMOS, process to make the chips" by DBHitek.

    Now guess what was the commercial agreement signed between WBT and DB Hitek as released to the ASX on 19/10/23 about?
    Coincidences, perhaps?
    Please DYOR
    ********Announcement to ASX 19/10/23 below*****************************************************************************************************************************

    Level 7, 330 Collins St, Melbourne VIC 3000, Australia
    Office: +61-3-8689 9997
    [email protected] | www.weebit-nano.com 1
    19 October 2023

    Weebit Nano licenses ReRAM to DB HiTek, a global top-10 foundry
    DB HiTek to manufacture Weebit’s embedded technology
    in customers’ analog and power designs
    Weebit Nano Limited (ASX:WBT, Weebit or Company), a leading developer of advanced memory technologies for
    the global semiconductor industry, and DB HiTek, one of the world’s largest foundries, have signed a commercial
    agreement whereby DB HiTek has licensed Weebit ReRAM for its customers to integrate as embedded non-volatile
    memory (NVM) in their systems on chips (SoCs).
    Headquartered in South Korea, DB HiTek is a global top-10 foundry with annual revenue of more than $2 billion.
    Under the agreement, Weebit ReRAM will be available in DB HiTek’s 130nm Bipolar-CMOS-DMOS (BCD) process
    ideal for many analog, mixed-signal, and power designs in consumer, industrial, and other IoT devices. For these
    applications, Weebit ReRAM provides a low-power, low-voltage, cost-effective NVM that is easy to integrate and
    has proven excellent retention at high temperatures. As a back-end-of-line (BEOL) technology which does not
    require process tuning, ReRAM offers significant advantages over flash for BCD processes. Weebit ReRAM also
    provides higher density and endurance than conventional Multi-Time Programmable (MTP) technologies.
    The agreement includes technology transfer, qualification, and licensing. In addition to its 130nm BCD process, DB
    HiTek has the option to use Weebit ReRAM technology for other process nodes.
    Coby Hanoch, CEO of Weebit Nano, said: “DB HiTek is one of the world’s top-tier foundries for analog and power
    integrated circuits. As one of the world’s largest contract chip manufacturers, DB HiTek’s extensive customer base
    can gain significant advantage from using Weebit ReRAM in their new product designs, including improvements to
    retention, endurance, and power consumption. Our collaboration with DB HiTek is commencing immediately,
    beginning with the transfer of our technology to the company’s production fab. We are seeing increasingly strong
    market demand for Weebit ReRAM and expect to sign further commercial agreements, including many of the toptier foundries
    and integrated device manufacturers as well as fabless design companies, in the coming months.”
    Ki-Seog Cho, CEO, DB HiTek, said: “Weebit ReRAM will provide customers using our 130nm BCD process with a
    very low-power, high-density and cost-effective NVM. Given Weebit’s high-quality technology and unique
    combination of design and process engineering, we believe the technology transfer and qualification processes will
    proceed quickly. Looking ahead, we’re delighted to see Weebit’s strong commitment to continued roadmap
    innovation.”
    Under the technology transfer and qualification agreement, Weebit and DB HiTek will immediately cooperate in
    transferring Weebit’s embedded ReRAM technology to a DB HiTek production fab and then continue to qualify the
    technology towards volume production.
    The technology licensing agreement grants DB HiTek a non-exclusive license to manufacture Weebit ReRAM as
    embedded NVM in designs from customers globally. DB HiTek will add Weebit’s memory module to its BCD 130nm
    Process Design Kit (PDK). DB HiTek customers can use the standard modules in the PDK or have modules customised
    for their needs. Weebit will receive manufacturing license fees, project use fees and royalties based on production
    Level 7, 330 Collins St, Melbourne VIC 3000, Australia
    Office: +61-3-8689 9997
    [email protected] | www.weebit-nano.com 2
    volumes, with these license fees and royalties determined by Weebit when delivering the relevant modules to
    customers and may differ for each module.
    The economic materiality of this agreement is not known at this time due to the contingent nature of the license
    fees and royalties, as they depend on the number of customers who sign up to use Weebit’s technology and on the
    number of chips those customers produce using Weebit’s technology. However, Weebit views this commercial
    agreement as strategically important given DB HiTek is a global top-10 foundry, and further validates Weebit’s
    cutting-edge technology.
    -ENDSThis announcement has been authorised for release by the Board of Weebit Nano Limited.
    For further information, please contact:
    Investors
    Eric Kuret, Automic Group
    P: +61 417 311 335
    E: [email protected]
    Media – Australia Media – US
    Tristan Everett, Automic Group Jen Bernier-Santarini, Weebit Nano
    P: +61 403 789 096 P: +1 650-336-4222
    E: [email protected] E: [email protected]
    About Weebit Nano Limited
    Weebit Nano Ltd. is a leading developer of advanced semiconductor memory technology. The company’s ground-breaking
    Resistive RAM (ReRAM) addresses the growing need for significantly higher performance and lower power memory solutions
    in a range of new electronic products such as Internet of Things (IoT) devices, smartphones, robotics, autonomous vehicles,
    5G communications and artificial intelligence. Weebit ReRAM allows semiconductor memory elements to be significantly
    faster, less expensive, more reliable and more energy efficient than those using existing Flash memory solutions. As it is based
    on fab-friendly materials, the technology can be quickly and easily integrated with existing flows and processes, without the
    need for special equipment or large investments. See www.weebit-nano.com and follow us on
    https://twitter.com/WeebitNano.
    Weebit Nano and the Weebit Nano logo are trademarks or registered trademarks of Weebit Nano Ltd. in the United States
    and other countries. Other company, product, and service names may be trademarks or service marks of others.
    About DB HiTek
    Headquartered in South Korea, DB HiTek Co., Ltd. is world leader in specialty foundry with a broad range of support services
    plus a robust portfolio of competitive process technologies that include Analog/Power (BCDMOS), CMOS Image Sensor (CIS),
    Mixed-Signal, High Voltage CMOS, RF HRS/SOI CMOS, Super Junction MOSFET technologies. For more information,
    visit www.dbhitek.com.


    Last edited by 618600: Monday, 17:42
 
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