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Tech & Science Tech: Weebit Nano gets promising results with its cost-cutting semiconductor technology

03:50  25 november  2019
03:50  25 november  2019 Source:   stockhead.com.au

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Weebit Nano (ASX: WBT) had some positive test results for the market this morning, as it looks to deploy technology that can improve efficiencies in the The goal has been to show that Weebit ’s technology can reduce the number of “masks” required in semiconductor production, down from the

Weebit Nano gets promising results with its cost - cutting semiconductor technology . Weebit Nano (ASX: WBT) had some positive test results for the market this morning, as it looks to dep

a person preparing food in a kitchen: Tech: Weebit Nano gets promising results with its cost-cutting semiconductor technology© Stockhead Australia Tech: Weebit Nano gets promising results with its cost-cutting semiconductor technology

Weebit Nano (ASX: WBT) had some positive test results for the market this morning, as it looks to deploy technology that can improve efficiencies in the manufacture of semiconductors.

The company has been busy running tests in recent months with its research partner Leti, the France-based research institute.

The goal has been to show that Weebit’s technology can reduce the number of “masks” required in semiconductor production, down from the industry average of seven-to-10.

Weebit said today that testing “confirmed it is possible to produce Weebit’s ReRam tech as an embedded memory using two, or possibly only one, additional mask”.

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Semiconductor developer Weebit Nano (ASX: WBT) has taken a definitive step towards commercialising its ground-breaking silicon oxide Israel-based Weebit Nano (ASX: WBT) has moved closer to commercialising its silicon oxide resistive random access memory (ReRAM) technology

VIDEO Interview: Weebit Nano CEO Coby Hanoch talks next-gen memory tech Technology is always improving, sometimes evolutionarily, sometimes revolutionarily

The update was good enough to give WBT shares a bounce in morning trade, although the stock remains well off its January 2019 highs above 80c.

Less masks, more profits

In its update this morning, Weebit explained that the semiconductor manufacturing process required a series of wafers that were layered on top of one another and patterned through a series of masks.

At geometry levels below 28 nanometres (nm – one billionth of a meter), “the mask set required to produce a semiconductor device can cost millions of dollars”, the company said.

As a result, reducing the mask set to one or two (down from seven to 10) can “significantly benefit” costs and underlying profits.

The company said the early testing results indicated the technology’s potential to address one of the key problems in semiconductor composition — increased wafer malfunction during the “delicate” production process.

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Weebit Nano is expected to deliver its first memory module by end-2020. Pitt Street Research updates its valuation post cap raising. Weebit Nano ((WBT)) is focused on the commercialisation of its proprietary SiOx-based ReRAM (Resistive Random Access Memory) technology

The Weebit Nano stock patterns are available in a variety of time frames for both long and short term investments. Gain a trading edge with the auto pattern recognition feature Therefore Fusion Media doesn't bear any responsibility for any trading losses you might incur as a result of using this data.

Weebit CEO Coby Hanoch said that in conversation with prospective customers, cutting mask rates and increasing the wafer yield had both been high on the agenda.

With testing confirming that Weebit arrays can use a smaller number of masks, “we will be able to save our customers millions of dollars, reduce manufacturing times and significantly decrease error risks in their production processes”.

Stockhead has contacted Weebit Nano for further details on the potential to convert its low-mask technology to revenue, and the time frame for commercialisation.

In other ASX tech news today:

Adtech company Engage:BDR (ASX:EN1) provided a market update on its various operations, announcing that its programmatic advertisting platform AdCel had commenced integration with the TikTok app. The company said it had signed 19 new programmatic partners in 2019 and had issued shares to reduce its current debt liabilities. Shares in EN1 were up 4.35 per cent to 2.4c, down from 2019 highs above 5c.

And shares in cyber-safety company Family Zone Cyber (ASX:FZO) rose more than 8 per cent to 19.5c, on news it had deployed funds from its recent capital raising to beef up its US sales team as it looks to execute on a multi-channel strategy to gain a foothold in the US market.

The post Tech: Weebit Nano gets promising results with its cost-cutting semiconductor technology appeared first on Stockhead.

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