Weebit Nano Ltd's stock (WBT.AU) surged 11.02% during the intraday session on Monday, driven by the announcement of a licensing agreement with Texas Instruments (TI) for its resistive random access memory (ReRAM) technology.
The agreement includes IP licensing, technology transfer, and the integration of Weebit's ReRAM into TI's advanced process nodes for embedded processing semiconductors. This collaboration is expected to provide TI's customers with low-power, cost-effective non-volatile memory solutions, enhancing Weebit's market position and revenue potential.
Additionally, Weebit Nano provided a minimum FY26 revenue guidance of A$10M, further bolstering investor confidence in the company's growth trajectory.