"2Q25 update The quarterly update that was released on 31 Jan highlighted the key achievements over the 3 monthsto 31 December. The most significant of these (by a very large margin) was the signing of a licenceagreement with NASDAQ listed US chip and device manufacturer, onsemi (ON.US). In addition tobeing a Tier-1 chip manufacturer, it holds the #1 market position for auto and industrial sensors (46%market share in the auto sector), and #2 position in power management (refer our previously publishednote). Given that the competitive advantages of Weebit's ReRAM technology appear most applicable to Autoapplications, it is difficult to imagine a better customer for Weebit than onsemi. It is obviously importantfor the potential revenue that this relationship will ultimately generate for Weebit, but also for thevalidation provided by a customer with nearly 50% market share in such an important segment."
The agreement with Onsemi is clearly a major achievement for WBT. It seems utterly bizzare that the SP has now dropped 39% since this news was announced (close at $3.60 on 31/12/24 to $2.20 today). It's been oversold, and some, as investors largely fail to comprehend the potential here.
All IMHO, DYOR
WBT Price at posting:
$2.20 Sentiment: Buy Disclosure: Held
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