Weebit Nano ReRAM Designs Reach Tape-Out Stage With Two Product Customers; Shares Up 7%

MT Newswires Live05-04

Weebit Nano (ASX:WBT) said two product customers have successfully taped out chip designs integrating its resistive random-access memory (ReRAM) technology, marking a key step toward commercial-scale production, according to a Monday Australian bourse filing.

Overlord Labs has incorporated the company's ReRAM into a next-generation smart battery management system, taped out at DB HiTek, aiming to enhance power efficiency, reduce costs, and improve performance for high-volume production, per the filing.

A second customer has already received initial silicon of its prototype, which is working as expected, including the ReRAM component, the filing said.

Both projects are now moving into extended testing, characterization, and qualification stages, which are expected to last 12 to 18 months before potential mass production, the filing added.

The company's shares rose around 7% in recent Monday trade.

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