Weebit Nano Advances ReRAM Commercialisation with Three Chip Tape-Outs and Upgraded Revenue

Three Customer Chip Designs Mark Milestone for ReRAM Commercialisation

Weebit Nano (ASX:WBT) has hit a significant 2026 milestone with three customers successfully tape-out chip designs embedding its Resistive RAM (ReRAM) technology, a crucial step toward mass production. One of these designs has already returned from the fab, demonstrating a functional prototype capable of running software. These chips, destined for applications including smart battery management and cybersecurity, will undergo 12 to 18 months of testing and qualification before mass production can commence.

This achievement underscores the maturity of Weebit's ReRAM and signals growing commercial confidence. CEO Coby Hanoch highlighted that multiple tape-outs reduce risk for product companies considering ReRAM integration and create pressure on other foundries and Integrated Device Manufacturers (IDMs) to adopt the technology.

Expanded Licensing and Technology Transfer with Industry Leaders

Beyond the tape-outs, Weebit has broadened its licensing agreements with existing customers to cover additional technologies and product lines, reflecting strong customer satisfaction and the versatility of its IP. This expansion serves as a market validation, encouraging other semiconductor players to engage with Weebit.

Technology transfer efforts are advancing on schedule with major semiconductor suppliers Texas Instruments and onsemi. Texas Instruments, a Tier-1 IDM with a vast automotive customer base, plans to integrate Weebit's ReRAM into its advanced embedded processing nodes following qualification. Meanwhile, onsemi is preparing to commence qualification after testing demo chips produced at its 300mm U.S. fab, embedding ReRAM in its Treo platform for intelligent power and sensing applications across automotive, industrial, and AI data centre markets.

Strong Capital Position Supports Growth and R&D

Weebit secured A$15 million through a well-supported Share Purchase Plan (SPP) at $4.05 per share during the quarter, adding to previous institutional placements and bringing total funds raised to A$102 million. This capital infusion bolsters Weebit's ability to accelerate ReRAM development, scale-up commercialisation, and expand AI-related offerings.

Financially, the quarter saw customer cash receipts of A$3.4 million from licensing and engineering fees, with R&D expenses at A$4.6 million. The company ended the quarter with a healthy cash balance of A$167 million, positioning it well to pursue its growth strategy amid a semiconductor market that is rapidly expanding and increasingly constrained by fab capacity.

Upgraded Revenue Guidance Reflects Commercial Momentum

Reflecting its progress, Weebit upgraded its FY26 revenue guidance to at least A$13.5 million, expecting further growth in FY27 as new licensing agreements and milestone payments materialise. The company is navigating industry-wide fab capacity constraints that have temporarily slowed new licensing deals, but demand for ReRAM remains strong, particularly driven by AI-related applications that require more efficient memory solutions.

Weebit's IP portfolio was also strengthened with three new patents granted during the quarter, covering innovations in OxRAM-type memory cell endurance and memory-cell architecture improvements. These patents reinforce Weebit's technological differentiation in the competitive semiconductor memory space.