Weebit Working With XTX Technology in China

Weebit Nano Ltd is working with XTX Technology (Shenzhen) Limited – a Chinese provider of high quality memory solutions for consumer electronics, industrial embedded systems, telecom and networking markets – to enable the adoption of Weebit’s silicon oxide ReRAM technology by XTX.

Following the signing of a letter of intent in August 2019, a joint team of Weebit and XTX engineers tested wafers of Weebit’s silicon oxide ReRAM technology at an XTX facility in Shenzhen, China. The team verified the technical parameters of ReRAM technology, reproducing results previously achieved with French development partner Leti, in the field of micro-electronics. This external testing with XTX was achieved 4 months ahead of schedule.

With external test results confirming Weebit’s technical specs for its ReRAM memory technology, the two companies are investigating ways Weebit’s ReRAM memory technology can be integrated into XTX products.

XTX is a provider of flash memory chips, providing a variety of different flash-based non-volatile memory solutions to about 2,000 customers, including semiconductor companies worldwide.

Coby Hanoch, CEO, Weebit Nano, said: “We have now successfully completed our initial co-operation with XTX, demonstrating the effectiveness of our silicon oxide ReRAM memory technology in their facility. Having our technology verified at an independent external location is a major and critical milestone on the path to commercialisation. Importantly, we have also achieved this four months ahead of schedule. Weebit is focused on productising and commercialising its ReRAM memory technology, and we are delighted to have a quality partner in XTX. During this test phase the combined Weebit-XTX team identified ways to adapt our technology to enable use by XTX in their products and we are now working with XTX to make this possible.“

Mark Long, CEO, XTX Technology, said: “We believe ReRAM will boom in the coming three to five years, driven by strong growth in 5G and AI. We will continue to work with Weebit to adapt the technology to our needs. We look forward to the opportunities this co-operation may lead to.“

Weebit’s commercialisation plans ahead of schedule
Weebit Nano’s path to commercialisation is ahead of schedule given this external verification. The company remains on track to transfer its technology to a production fab by December 2020. In the interim it will continue to progress both technical improvements and developments with potential customers.

Key priorities:

Continue to progress towards commercialisation with XTX.
Development of a memory module for a potential South Korean customer – this is on track for delivery by mid-2020. The memory module work is a critical input for the production process, and the work being done for the South Korean partner will largely be applicable for any further customer developments.
Continue to make refinements to technical specs and production processes in partnership with Leti to ensure Weebit’s ReRAM technology yields the most profitable results in production.
Continue discussions with other potential customers and partners.

Read also:
Weebit Nano and Leti Filed Three Patents for Silicon Oxide ReRAM Technology
Including smart algorithms to increase reliability and yield of ReRAM memory cells, enable scalable immune ReRAM process improvements, and increased stability at scaled memory cells in geometries of 40nm and below.
December 10, 2019 | Press Release