Australia's Weebit Nano climbs as co releases chips to U.S. semiconductor manufacturer

Weebit Nano

29/06/2022 06:43

** Shares of Australia's Weebit Nano Ltd  WBT.AX  rise as
much as 12.1% to A$2.410, hitting their highest since June 9
    ** The semiconductor memory tech firm says it released
demonstration chips with its integrated Resistive Random-Access
Memory (ReRAM) module to a U.S.-based semiconductor manufacturer
    ** Says taping out of integrated chip to SkyWater
Technology's foundry for manufacturing paves the way for
commercialization  urn:newsml:reuters.com:*:nASX2Hf0zm
    ** WBT is in discussions with early-adopter customers for
the chip and will proceed with technology qualification once
chips are back from the U.S. production foundry
    ** Stock posts its biggest intraday pct gain since June 24
    ** More than 711,000 shares change hands, compared with the
30-day average volume of about 452,000 shares 
    ** Stock down 24.8% this year, as of last close

    

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))