Australia's Weebit Nano jumps on chip progress with DB Hitek

DB HiTek

31/07/2024 03:56

** Shares of Weebit Nano  WBT.AX  rise as much as 5.2% to
A$2.45, posting their biggest intraday percentage gain since
July 8
    ** Stock hits its highest level since July 18
    ** Memory technology co says South Korea's chipmaker DB
HiTek  000990.KS  has made a demo chip integrating WBT's random
access memory modules
    ** Says demo chip will be used for testing ahead of customer
production
    ** Stock trims YTD losses to 44.3%, including session's
moves



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))