Weebit Nano Limited has reported a remarkable 8-fold increase in revenue, driven by a landmark licensing agreement with Texas Instruments and significant progress in its ReRAM technology commercialisation.
- Revenue from IP licensing and NRE payments surged to A$5.6 million, up 735%
- Licensed ReRAM technology to Texas Instruments, the company’s largest customer
- Achieved technology qualification at DB HiTek and taped out test chips with onsemi
- Established US subsidiary and appointed VP for AI systems to advance AI offerings
- Reported net loss of A$30 million due to increased R&D but maintains strong cash reserves
Strong Revenue Growth and Strategic Licensing
Weebit Nano Limited has delivered a striking performance in the first half of fiscal 2026, reporting revenue of A$5.6 million from IP licensing and non-recurring engineering (NRE) payments; an eightfold increase compared to the prior corresponding period. This surge is underpinned by a landmark licensing agreement with Texas Instruments (TI), a global semiconductor giant and Weebit's largest customer to date.
The deal with TI, announced in December 2025, positions Weebit's resistive RAM (ReRAM) technology within TI’s advanced semiconductor nodes, targeting embedded processing chips widely used across automotive, industrial, and consumer sectors. TI’s extensive customer base includes industry heavyweights such as Apple, NVIDIA, and Ford, highlighting the potential scale of Weebit's technology adoption.
Milestones in Manufacturing and Product Development
Beyond licensing, Weebit achieved critical technical milestones, including the successful qualification of its ReRAM technology at South Korean foundry DB HiTek, meeting rigorous JEDEC industry standards. This qualification significantly de-risks the technology and paves the way for high-volume manufacturing.
Additionally, Weebit taped out its first test chips embedded with ReRAM at onsemi’s 300mm production fab, with initial functional testing confirming expected performance. Onsemi, a Fortune 500 company, plans to integrate Weebit’s technology into its next-generation products, particularly for high-temperature automotive and data centre applications.
Expanding Footprint and AI Ambitions
To support growing North American engagements, Weebit established a wholly owned US subsidiary, Weebit Nano Inc, in October 2025. The company also appointed Gideon Intrater as Vice President of Systems and AI, signalling a strategic push into AI-related memory solutions. Weebit joined the Edge AI Foundation as a strategic partner, aligning its ReRAM technology with the rising demand for energy-efficient, on-chip memory in edge AI devices.
Financial Position and Outlook
Despite a net loss of A$30 million for the half-year, primarily due to increased research and development expenses, Weebit maintains a robust cash balance of A$82.8 million. The company received nearly A$16 million in customer cash receipts during the period and expects full-year revenue to exceed A$10 million, more than doubling the prior year.
Directors remain confident in the company’s going concern status, supported by strong cash reserves and a clear pathway to commercialisation. The company also strengthened its intellectual property portfolio with seven new patents granted during the half-year, reinforcing its leadership in advanced ReRAM technology.
Bottom Line?
Weebit Nano’s momentum with major licensing deals and technology milestones sets the stage for a pivotal year in commercialising ReRAM and expanding into AI memory markets.
Questions in the middle?
- How will Weebit’s partnership with Texas Instruments influence its market penetration and revenue trajectory?
- What are the timelines and risks associated with scaling production through DB HiTek and onsemi fabs?
- How significant will Weebit’s AI initiatives be in driving future growth and product diversification?