• Weebit Nano licenses its resistive random access memory (ReRAM) technology to semiconductor supplier onsemi
• ReRAM IP to be integrated into onsemi's Treo™ platform for embedded non-volatile memory
• Agreement includes IP licensing, technology transfer, design and qualification of Weebit's ReRAM

Weebit Nano Limited, a leading developer and licensor of advanced memory technologies, has licensed its resistive random access memory (ReRAM) technology to tier-1 semiconductor supplier, onsemi. Under the terms of the agreement, Weebit ReRAM IP will be integrated into onsemi's Treo™ platform, to provide embedded non-volatile memory (NVM). Weebit ReRAM integration into a Bipolar CMOS, DMOS (BCD) process provides a low-power, cost-effective NVM that has proven excellent retention at high temperatures. The agreement includes IP licensing, technology transfer, design and qualification of Weebit's ReRAM in onsemi's Treo™ platform. As part of the engagement, Weebit is required to meet several technical milestones based on an agreed workplan. Weebit will receive manufacturing license fees, non-recurring engineering fees (NRE) and royalties based on production volumes. The economic materiality of this agreement is not known at this time. However, Weebit views this commercial agreement as strategically important given onsemi's position in the US semiconductor industry, and the commercial validation it provides for Weebit's ReRAM technology when a company of this stature commits to Weebit's technology, with the associated investment in preparing its own systems for production. In addition, the royalties are expected to be material over time depending on the number of products that onsemi decides to produce using Weebit's technology.