FinTechFunding

Weebit Nano: Completes important ReRAM stabilisation process

  • Tech developer Weebit Nano (WBT) is soaring this morning after completing an important tech stabilisation process for its ReRAM tech
  • This means the company is ready to transfer the tech to a production fabrication facility, also known as a fab
  • The success of the tech stabilisation process is an important milestone in commercialising Weebit’s tech
  • The process creates a solid foundation for module intellectual property design, standalone memory for mass storage, and production in a foundry
  • Weebit’s ReRAM tech is designed to be faster and more stable than conventional memory tech like RAM and flash storage
  • Shares in Weebit are trading 20 per cent higher this morning, currently worth 90 cents each
Previous article
UK Finance: Announces David Postings as new CEO
Next article
Wide Open Agriculture: Raises up to $8.5M through placement and SPP
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Coinbase Receives Conditional Approval for National Trust Bank Charter

The approval marks a significant step for Coinbase in the financial sector.Highlights: Coinbase secures conditional approval for a...
FinTech

Visa Survey Reveals Businesses Ready to Embrace AI in Commerce

Consumer hesitation contrasts with business enthusiasm for AI adoption.Highlights: Visa survey finds 76% of businesses ready to adopt...
FinTech

Italy Fines Revolut €1.15M for Regulatory Violations

Revolut faces penalties due to non-compliance with Italian financial regulations.Highlights: Italy fines Revolut €1.15 million for regulatory breaches.The...
FinTech

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after...