Highlights

  • Weebit Nano reported that a second customer had begun silicon validation during the September 2026 quarter.
  • The customer successfully ran software on initial chips with integrated ReRAM and targets production during calendar 2027.
  • The company said onsemi had begun qualification while its work with DB HiTek and Texas Instruments continued.
  • Weebit signed agreements with two new AI customers and reported AUD 164.2 mn in closing cash.

Another customer has reached the silicon-testing stage for Weebit Nano (ASX:WBT), marking progress in the company’s effort to commercialise resistive random-access memory. In its September-quarter activities report, the semiconductor technology developer said a second existing customer had received initial chips and successfully run software using integrated ReRAM. The advance comes alongside qualification work with semiconductor partners and fresh agreements to explore AI applications.

Working Silicon Moves Into Customer Testing

The second customer received its first samples from a fabrication plant during the quarter and started silicon validation. Initial results showed the chip operating and running software from its integrated Weebit ReRAM. The customer is targeting production during calendar year 2027, subject to completing validation. The distinction between working samples and mass production is important: a successful test is progress toward deployment, not a declaration that commercial production has started. Weebit said two customers were now successfully testing working samples and that it was continuing to support other users examining additional applications.

Foundry Qualifications Remain a Core Priority

The company continued its collaboration with DB HiTek after qualification, with preparations aimed at higher-volume manufacturing. Separately, onsemi began qualification during the September quarter, while work with Texas Instruments was progressing. Weebit also continued evaluations with potential new fabrication customers, noting that available engineering resources and fabrication capacity could affect the timing. These different relationships sit at distinct stages, from testing and qualification to planning for future production. They should not be treated as identical commercial milestones.

AI Agreements Open a Research Track

Weebit signed agreements with two additional AI customers during the quarter, meeting a calendar 2026 target it had previously set. It also reported positive analysis from a customer studying its technology for in-memory computing. The company cautioned that significant Research and Development remains before it has a fully commercial in-memory computing solution. This places the AI initiative at an exploratory stage, rather than alongside confirmed Volume manufacturing. Its semiconductor memory commercialisation and longer-term AI investigation therefore represent related but different programmes.

Cash and Next Milestones

Weebit recorded AUD 6.1 mn in customer cash receipts during the quarter and closed September 2026 with AUD 164.2 mn in cash. The company identified further customer validation, qualification activities and continued work with commercial partners as central areas of progress. The next stages depend on customers completing their respective technical processes, including the second customer’s production target for calendar 2027. As of the report, that milestone remained conditional, while the initial silicon results had already been achieved.

Weebit Nano shares closed at AUD 2.55 on 12 November 2026, down 2.67% on the day. Trading ranged between AUD 2.49 and AUD 2.71.