Weebit Nano now attacking commercialisation on a number of fronts.

In its latest step toward commercialisation, Memory Chip developer Weebit Nano has partnered with a unique Chinese company about to try and shakeup the billion-dollar chip-making industry.

"China is the biggest semiconductor market in the world and the Chinese are investing billions and billions into it," said Coby Hanoch, CEO of Weebit Nano [ASX:WBT].

Creating a semiconductor chip is done not in a factory, but what's called a fabrication plant or foundry and these facilities are massively expensive to build.

Current fabs cost up to a few billion dollars to build, but the next generation could require investments of up to twenty billion dollars.

As a result, even the biggest electronics equipment manufacturers like Samsung, Apple and Motorola, don't own their own fabs.

In what is best described as a breakaway business model, the man nicknamed "the father of the semiconductor industry" Richard Chang is starting the first fabrication plant to bring together numerous chip companies under the one fab roof.

With such a range of chip and equipment suppliers, the new fab known as SiEn will offer a unique one-stop-shop for electronics manufacturing companies.

"Our Resistive Random-Access-Memory (ReRAM) is one of the technologies that Richard Chang believes the Chinese are looking for as it is seen as the next generation of memory.

For someone like Chang to include Weebit's non-volatile memory technology into his soon to be launched Communal Integrated Device Manufacturing Fab is a big deal according to Coby Hanoch.

On top of the Chang deal, Weebit recently announced it had shaved a number of research years off one facet of its technology development pipeline through a commercialisation deal with its French research partner LETI.

This involves a vital switching device needed for one of the Weebit memory chips.

Weebit also had some of its technology commercially validated by another Chinese company called XTX a few weeks ago.

As a result, that company is now working with Weebit to determine which customers it can sell the technology to.

I caught up with Coby Hanoch recently as he explained that he is aiming for some commercial deals to be signed in the second half of this calendar year with money flowing in early 2021.

To watch the video click HERE

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