Weebit Nano (WBT) Study Result summary

Industry context and technology trends

• The semiconductor industry is rapidly growing, projected to reach $1 trillion by decade's end, with $800 billion invested in fabs recently.

• Australia is highlighted as an ideal location for semiconductor fabs due to its stable conditions and resources.

• ReRAM is emerging as a preferred non-volatile memory, with industry momentum shifting away from MRAM and PCM due to cost and reliability issues.

• Major players like TSMC have shifted their roadmaps to focus on ReRAM, driven by customer demand and MRAM failures.

• Infineon's announcement to use ReRAM in all future MCUs sent a shockwave through the industry, accelerating adoption.

Company progress and commercial engagement

• Significant progress has been made with multiple foundries, IDMs, and product companies, with advanced engagements and technology evaluations underway.

• Initial revenues of $1 million have been recognized, reflecting early license fees from the first two deals.

• The company is targeting three licensing agreements, three product agreements, and DB HiTek qualification by the end of 2025.

• Negotiations are ongoing with more than one potential partner, with a public commitment to close at least one deal before year-end.

• The evaluation process with foundries involves extensive simulations, PDK analysis, and demonstration of technology robustness.

Technology development and differentiation

• The technology has been qualified at 125°C and demonstrated at 150°C, opening doors to automotive and other demanding markets.

• Engagements include advanced nodes (one X nanometer) and FinFET-level PDKs, with successful simulations and demonstrations.

• The company is the only ReRAM supplier for foundries outside TSMC and UMC, with a strong, experienced team driving innovation.

• ReRAM's back-end-of-line integration offers significant advantages for power management and analog/mixed-signal applications.

• Research collaborations are ongoing in AI, neuromorphic, and in-memory compute, highlighting ReRAM's relevance for advanced applications.