Acquired first SkyWater wafers with Weebit ReRAM; taped-out first 22nm demo chips; evaluations progressing with Tier-1 fabs, clients
January 25, 2023 – Weebit Nano Ltd (ASX: WBT, Weebit or Firm) is happy to supply this exercise report for the quarter ended 31 December 2022 (Q2 FY23), together with the Firm’s Appendix 4C money circulation report.
Commenting on Q2 FY23, Weebit CEO Coby Hanoch mentioned: “Weebit Nano achieved key milestones in its commercialisation roadmap in the course of the interval, receiving the primary silicon wafers with its embedded ReRAM from a business fab, commencing qualification at SkyWater, taping-out its first 22nm demo chip, ramping up discussions and evaluations with Tier-1 foundries and potential clients, and progressing longer-term growth actions for the discrete reminiscence market. Our progress within the first half of the monetary 12 months means we’re well-placed to productise our embedded ReRAM know-how and safe first revenues in 2023.
“Expertise qualification is now underway with SkyWater – the ultimate step earlier than productisation and first orders on SkyWater’s 130nm course of. Our first taped-out silicon wafers from SkyWater’s U.S. fab have validated the manufacturing course of, enabling potential clients to confidently begin incorporating our ReRAM inside their system-on-chips (SoCs). Whereas qualification knowledge from demo chips produced at Leti is extremely helpful, know-how qualification is required for each new foundry to substantiate the know-how meets production-level parameters on the particular facility.
“The tape-out of our first 22nm demo chip is a big step ahead for Weebit, enabling us to deal with a fast-growing phase of the market the place the incumbent know-how isn’t viable. Whereas 22nm is without doubt one of the trade’s most typical course of node, only some foundries globally can manufacture at this superior geometry. Our potential to ship distinctive efficiency for related and ultra-low energy functions at 22nm FD-SOI additional strengthens our engagement with the world’s most subtle fabs.
“Our embedded ReRAM is nearing commercialisation at a pivotal juncture for the trade. Demand for ReRAM is rising quickly with many Tier-1 foundries now trying so as to add ReRAM in its place NVM to cater to buyer requests. Using ReRAM from the world’s main foundry in main shopper merchandise has been instrumental in altering trade notion of ReRAM as a future know-how to at least one that’s accessible proper now. This transformation, mixed with our qualification at Leti and the wafers from SkyWater, has seen our engagement with a number of world-leading fabs enhance, and we’re in several phases of technical analysis with a number of of them.
“Throughout the interval we additionally strengthened our management workforce with Ed McKernan becoming a member of as Director of North America Gross sales, driving our gross sales actions in North America normally and with SkyWater clients particularly. We additionally introduced on Gideon Intrater as a consulting Enterprise Technique Advisor, serving to us look at potential areas of progress and strategic growth.”
First SkyWater wafers with Weebit ReRAM
Weebit achieved a serious commercialisation milestone in Q2 FY23, receiving from SkyWater Expertise the primary silicon wafers integrating its embedded ReRAM module. These first wafers from a business fab verify the convenience of producing of Weebit ReRAM with commonplace instruments, enhancing buyer confidence within the know-how.
The wafers have been sliced into chips, packaged, and examined, and are totally useful. Weebit has began the qualification course of for these wafers. Designed in SkyWater’s 130nm CMOS course of, Weebit will use these chips to reveal its know-how, and potential clients can use them for testing and prototyping.
Qualification is anticipated to be accomplished within the first half of CY23, enabling mass manufacturing on SkyWater’s 130nm CMOS course of.
Taped-out first 22nm demo chip
On 2nd January, Weebit taped-out its first demo chips integrating its embedded ReRAM module in a sophisticated 22nm totally depleted silicon on insulator (FD-SOI) course of. 22nm is without doubt one of the trade’s most typical course of nodes.
Weebit and its growth companions CEA-Leti and CEA-Checklist designed a full IP reminiscence module integrating a multi-megabit ReRAM block focusing on the 22nm FD-SOI course of, delivering a low-power, cost-effective embedded non-volatile reminiscence (NVM) capable of stand up to harsh environmental situations.
New NVM applied sciences, equivalent to Weebit ReRAM, are required to deal with these smaller course of geometries for IoT, 5G, edge AI and automotive as embedded flash isn’t viable under 28nm.
Certified first ReRAM module
Throughout the quarter, Weebit efficiently certified its embedded ReRAM reminiscence module produced at Leti, demonstrating compliance with JEDEC microelectronics requirements at industrial temperatures for endurance, retention, and SMT reflow. Expertise qualification at Leti’s state-of-the-art facility exhibits the repeatability and maturity of Weebit’s ReRAM know-how, with this knowledge leading to new discussions and technical evaluations with a number of Tier-1 fabs and potential clients.
Weebit and Leti have commenced the qualification course of at increased temperatures and endurance ranges, that are required for some superior functions.
Growth of ReRAM selector progress
Weebit and Leti progressed the event of a ReRAM selector in the course of the quarter, a key step in the direction of high-capacity reminiscence arrays required for discrete reminiscence chips utilizing fab-friendly supplies and commonplace instruments. This innovation means the Weebit ReRAM selector may be simply built-in into any CMOS fab, decreasing manufacturing complexity and prices.
A selector is a key part which allows implementation of enormous reminiscence arrays in a lot smaller chip areas. Whereas the preliminary focus of Weebit’s ReRAM selector was for discrete chips, the latest progress makes it additionally appropriate for future embedded functions, equivalent to edge AI and automotive.
Evaluations with Tier-1 fabs and clients
Discussions and technical evaluations with a number of Tier-1 fabs and key clients are progressing effectively. Whereas these evaluations are in several phases and a few fabs require vital technical research and validation, they’ve the potential to result in new licensing agreements and orders.
Strengthening the workforce, concentrate on US gross sales
Throughout the quarter, Weebit enhanced its administration workforce with two key appointments. Mr Ed McKernan was appointed Director of North America Gross sales and Mr Gideon Intrater joined as Enterprise Technique Advisor. Mr McKernan has broad gross sales expertise throughout ReRAM and NVM applied sciences, together with 11 years in Gross sales Director roles at ReRAM know-how developer Adesto. Mr McKernan will drive Weebit’s gross sales in North America, initially centered on SkyWater clients.
Mr Intrater brings huge expertise within the semiconductor house to Weebit, beforehand holding government roles in a number of firms together with CTO at Adesto, Chair of the JEDEC JC-42.4 Non-Unstable Reminiscence Committee, and EVP Advertising at MIPS, an embedded processor firm. Mr Intrater will work with Weebit’s government workforce to discover potential progress alternatives.
ReRAM environmental affect evaluation
In January, Weebit and CEA-Leti accomplished a lifecycle evaluation of Weebit ReRAM in comparison with one other rising non-volatile reminiscence know-how with ReRAM proven to have a considerably decrease environmental affect. The evaluation estimated the contribution of ReRAM and Magnetoresistive Random Entry Reminiscence (MRAM) to local weather change based mostly on their manufacturing flows, together with uncooked supplies and manufacturing processes. The research discovered ReRAM was extra eco-friendly than MRAM on all measured parameters, together with:
- 30% discount in GHG emissions
- 41% discount in water use
- 53% discount in use of minerals and metals
Extra info is on the market right here
Market engagement ramping-up
Weebit is ramping-up engagement with potential clients and companions because it nears productisation, taking part in a number of trade conferences in the course of the quarter. These included Design & Reuse’s IP-SoC Convention in Grenoble and an invited speak at Stanford College’s Non-Unstable Reminiscence Expertise Symposium (NVMTS).
In November, Chair Dadi Perlmutter and CEO Coby Hanoch met with shareholders in Sydney, Melbourne and Perth and introduced at three native investor conferences.
Upcoming occasions and conferences embody:
- 14-16 March 2023: Embedded World 2023, Germany
- April 2023: IP-SoC Silicon Valley 2023, California
For more information go to www.weebit-nano.com/occasions
Notable working money circulation objects in the course of the quarter included R&D bills of $2.5 million. Complete R&D funds for the quarter have been $680,000. Funds to associated events over Q2 FY23 have been $199,000, inclusive of charges paid to Administrators and the CEO’s price of payroll. On the finish of the quarter, Weebit had a powerful money stability of $45.6 million.
Weebit Nano is on observe to realize the next milestones over the approaching quarters:
- Full know-how qualification with SkyWater;
- Signal new agreements with companions and clients;
- Enroll a Tier-1 fab; and
- Begin scaling embedded ReRAM know-how under 22nm.
Investor briefing particulars
CEO Coby Hanoch will take part in a “Meet the CEO” interview following the Firm’s H1 FY23 outcomes. Extra particulars on this occasion might be lodged on the ASX within the coming weeks.
About Weebit Nano Restricted
Weebit Nano Ltd. is a number one developer of next-generation semiconductor reminiscence know-how. The corporate’s ground-breaking Resistive RAM (ReRAM) addresses the rising want for considerably increased efficiency and decrease energy reminiscence options in a spread of recent digital merchandise equivalent to Web of Issues (IoT) gadgets, smartphones, robotics, autonomous automobiles, 5G communications and synthetic intelligence.
Weebit’s ReRAM permits semiconductor reminiscence components to be considerably sooner, cheaper, extra dependable and extra vitality environment friendly than these utilizing present Flash reminiscence options. As it’s based mostly on fab-friendly supplies, Weebit ReRAM may be built-in inside present flows and processes sooner and simpler than different rising applied sciences, with out requiring particular tools or massive investments.