TINY TECH PROMISES MASSIVE DISRUPTION

Written on the 8 September 2016 by Business News Australia

TINY TECH PROMISES MASSIVE DISRUPTION

AN ISRAELI company listed on the ASX could be the next to revolutionise the multi-billion-dollar computer memory market, following forecasts of a dated technology phase-out.

Weebit Nano Ltd (ASX: WBT) has announced its partnership with French tech company Leti to work on its new resistive random-access memory (ReRAM) chip, a device which has the potential to be 1,000 times faster and more energy efficient than flash.

As the capabilities of traditional flash-memory approaches its limit, the ReRAM chip, which is based on silicon oxide, has taken steps to become its superior replacement in a market estimated at US$35 billion.

Weebit Board Chairman David Perlmutter believes ReRAM is a strong candidate for disruption in the non-volatile memory space.

"I believe that ReRam technology has significant potential to revolutionise the non-volatile memory business, creating huge business opportunities in new and evolving market segments," says Perlmutter.

"Leti not only gives recognition to the potential of the technology, but also gives us a push to get it to a mature and manufacturable phase a phase where many technology companies fail."

The two companies will develop silicon oxide ReRAM memory that is scalable to 40 nanometres, with potential applications across fields including massive data management and medical devices.

The ReRAM chip is also pegged to be a major contender within the 'internet of things' or the concept that everyday objects including transport and buildings can integrate online to send and receive data.

Through partnership with Leti, Weebit will have access to some of the world's most advanced facilities as it develops its new technology.

Luca Perniola, manager of Leti's Advanced Memory Laboratory, also says the joint program will help strengthen Weebit's offer and reduce its time to market.

"Weebit's silicon oxide solution promises to make major advances in the memory arena," says Perniola.

"Leti is eager to apply its deep expertise in back-end-of-line memories to Weebits proprietary technology and to strengthen the company's offer."

Weebit is one among only a handful of startups which develop ReRAM, after having licensed the technology from leading nano-electronics researcher Professor James Tour of Rice University.


Author: Business News Australia

Latest News

CROMWELL TRADES STEADILY IN FIRST HALF

CROMWELL Property Group has maintained a steady operating profit at $0.045 per security in the first half of FY17,...

WHY NEXTDC'S STOCK IS SOARING

AFTER posting its interim result, NEXTDC (ASX: NXT) gained more than 12 per cent on the stock market before noon.
...

PWR PROFIT CRASHES AS DOLLAR RISES AND COSTS MOUNT

A RISING Aussie dollar has offset PWR Holdings Limited's (ASX:PWH) overseas growth in the last half, forcing a...

SUPER RETAIL GROUP RESULTS SHINE ACROSS THE BOARD

A WELL-planned and executed half has paid off for Super Retail Group (ASX:SUL) as it posts a net profit result up ...

Related News

EVERYTHING YOU NEED TO KNOW ABOUT THE NATIONAL BROADBAND NETWORK

THE National Broadband Network (NBN) is more than an internet connection, it is an opportunity to transform your b...

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter