Innovative NVM technology recognized by industry peers
Hod Hasharon, Center District, Israel, October 26, 2023 -- Weebit Nano Limited (ASX:WBT), a leading developer of advanced memory technologies for the global semiconductor industry, is proud to announce that its Weebit ReRAM IP has been awarded the Embedded Solution Product of the Year Award in the Electronics Industry Awards 2023. The annual awards ceremony took place last week in London.
Weebit ReRAM (RRAM) is a non-volatile memory (NVM) technology designed to be the successor to flash memory for a broad array of applications. It enables semiconductor memory elements to be much faster, lower cost, more reliable and more energy efficient than those using flash or other emerging NVMs.
The annual Electronics Industry Awards, organized by Datateam Business Media, acknowledge the most innovative products, projects, individuals and companies from across the electronics sector. Winning this award provides an independent stamp of approval, as winners are voted for and decided by the semiconductor industry – electronics and systems designers and others in the engineering community – via the awards website.
In brief
Weebit Nano says its ReRAM intellectual property received the Embedded Solution Product of the Year award at the Electronics Industry Awards 2023. The company reports that the ceremony was held in London the previous week and that winners are selected through votes from people in the semiconductor and engineering communities. Weebit describes ReRAM as non-volatile memory intended for a range of applications and says it can offer speed, cost, reliability and energy-efficiency benefits compared with flash and other emerging memory technologies. CEO Coby Hanoch said the recognition came from industry peers and described the company’s design and process expertise as supporting continued development. The release also says the technology uses fab-friendly materials and can be integrated into existing manufacturing processes without special equipment or large investments.
Key takeaways
- Weebit Nano says its ReRAM IP won Embedded Solution Product of the Year at the 2023 Electronics Industry Awards.
- The awards ceremony took place in London, according to the release.
- The company says industry and engineering community members vote to determine award winners.
- Weebit describes ReRAM as non-volatile memory aimed at a broad range of applications.
Coby Hanoch, CEO of Weebit Nano, said: “We’re honored that our ReRAM IP has been recognized in this year’s Electronics Industry Awards by our peers in the semiconductor industry, many of whom are potential users of our technology. It’s now well understood that embedded flash memory has reached its limits, and the industry needs a new NVM. Weebit ReRAM has significant advantages over other NVMs, translating to lower cost and lower risk for customers. This technology excellence is backed up by Weebit’s unique combination of analog and digital design, process and device expertise, all of which enable us to continue to innovate rapidly and stay ahead of the competition.”
About Weebit Nano Limited
Weebit Nano Ltd. is a leading developer of advanced semiconductor memory technology. The company’s ground-breaking Resistive RAM (ReRAM) addresses the growing need for significantly higher performance and lower power memory solutions in a range of new electronic products such as Internet of Things (IoT) devices, smartphones, robotics, autonomous vehicles, 5G communications and artificial intelligence. Weebit ReRAM allows semiconductor memory elements to be significantly faster, less expensive, more reliable and more energy efficient than those using existing Flash memory solutions. As it is based on fab-friendly materials, the technology can be quickly and easily integrated with existing flows and processes, without the need for special equipment or large investments. See www.weebit-nano.com and follow us on https://twitter.com/WeebitNano.
Weebit Nano and the Weebit Nano logo are trademarks or registered trademarks of Weebit Nano Ltd. in the United States and other countries. Other company, product, and service names may be trademarks or service marks of others.
-ENDS-
Weebit Nano Investors
Eric Kuret, Automic Group
P: +61 417 311 335
Weebit Nano Media – Australia
Tristan Everett, Automic Group
P: +61 403 789 096
Weebit Nano Media – US
Jen Bernier-Santarini, Weebit Nano
P: +1 650-336-4222
If you detect any issues, problems, or errors in this press release content, kindly contact [email protected] to notify us (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). We will respond and rectify the situation in the next 8 hours.
Questions around this news
How was the Embedded Solution Product of the Year Award decided?
The release says the Electronics Industry Awards winners are chosen by votes submitted through the awards website. Voters include people in the semiconductor industry, such as electronics and systems designers and members of the engineering community. The ceremony for the 2023 awards took place in London the week before the announcement.
What does Weebit ReRAM do?
The release describes ReRAM as a non-volatile memory technology intended for use in semiconductor memory elements. It says the technology is designed as a potential successor to flash memory and presents it as faster, less expensive, more reliable, and more energy efficient than flash or other emerging non-volatile memories.
What is non-volatile memory?
Non-volatile memory retains stored information even when power is removed. It is used in devices that need to preserve data or instructions between uses, including for storage and system configuration. Flash memory is one familiar type; other non-volatile technologies use different physical methods to represent and retain information.
How does the release say ReRAM can be integrated into chip manufacturing?
The release says the technology uses materials described as compatible with semiconductor fabrication, allowing it to be integrated into existing manufacturing flows and processes. It also says this can be done without special equipment or large investments. The announcement does not provide details about specific manufacturing partners or integration timelines.
