Australia's Weebit Nano climbs on progress to chip development

Weebit Nano

06/04/2022 02:30

** Shares of semiconductor memory tech developer Weebit Nano
 WBT.AX  soar as much as 13.70% to A$3.32, their highest level
since Feb 16 
    ** Says its chip, which integrates a faster, less expensive
and more energy efficient module, has completed its functional
testing phase, and is performing as expected  urn:newsml:reuters.com:*:nASX29njLl 
    ** Adds that this is a key step towards commercialisation of
the product
    ** Trading volumes at over thrice their 30-day average, with
1.3 mln shares traded so far 
    ** WBT up 2.1% YTD, as of last close 


 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))