Weebit Nano: The Israeli ReRAM Company Listed in Australia

ASX: WBT · Incorporated 2015 in Hod HaSharon · Market cap >A$1B · The Israeli semiconductor IP company licensing ReRAM — the next-generation embedded memory that Texas Instruments, onsemi, and TSMC are now adopting over Flash and MRAM — with first customer tape-outs targeting late 2026.

Weebit Nano is the Israeli-founded, ASX-listed semiconductor IP company whose Resistive RAM technology has moved from lab curiosity to Tier-1 adoption in under three years. In January 2025, onsemi became the first chipmaker to license Weebit's ReRAM for integration into its Treo platform. In December 2025, Texas Instruments licensed the technology for advanced embedded processing nodes, including automotive-grade AEC-Q100 qualification at 150°C. By July 2026, FY26 revenue guidance had been upgraded twice — from A$10 million to A$12 million to A$13.5 million — and the company held approximately A$172 million in cash after a heavily oversubscribed A$102 million institutional raise. The market cap crossed A$1 billion. The question is no longer whether ReRAM works. It is whether the licensing model converts to royalty-scale revenue before the cash runs out.

The technology: why ReRAM replaces Flash below 28nm

Embedded Flash memory — the non-volatile storage built into microcontrollers, automotive chips, and IoT devices — breaks down below approximately 28 nanometers. The physics of charge-trap storage degrade at smaller process nodes, requiring increasingly expensive workarounds. Below 22nm, embedded Flash is effectively unscalable. That is where ReRAM enters.

Resistive RAM stores data by switching a thin oxide film between high-resistance and low-resistance states — a fundamentally different mechanism from the charge-storage approach of Flash. The advantages at advanced nodes are structural: lower power consumption, faster read and write speeds, higher endurance (write cycles), simpler CMOS-compatible fabrication, and — critically — the ability to scale below 22nm where Flash cannot follow. TSMC, the world's largest contract chipmaker, has been converting its embedded non-volatile memory roadmap from MRAM (Magnetoresistive RAM) to ReRAM. CEO Coby Hanoch told eeNews Europe that out of six TSMC projects, five are now ReRAM. GlobalFoundries customers are making the same switch.

Weebit's ReRAM IP originated from research at France's CEA-Leti, one of Europe's leading semiconductor research institutes. Weebit licensed the foundational technology from Leti and has since developed it into a commercially licensable IP platform qualified at 40nm, 28nm, and 22nm, with a roadmap below 20nm.

The licensing model and the royalty runway

Weebit is a fabless semiconductor IP company. It does not manufacture chips. It licenses its ReRAM IP to chipmakers who integrate the memory into their own products. Revenue comes in three stages: upfront licensing fees, non-recurring engineering (NRE) fees during integration and qualification, and — once customer chips reach volume production — per-unit royalties. The first two stages are where Weebit sits today. The third is the prize.

The licensing sequence since 2025 has been rapid. Onsemi signed in January 2025 — the first Tier-1 licensee — integrating Weebit ReRAM into its Treo platform for automotive and industrial applications. Texas Instruments signed in December 2025, licensing ReRAM for advanced embedded processing nodes with AEC-Q100 automotive qualification at 150°C. First customer tape-outs — the point where chips containing Weebit ReRAM enter production test — are targeting late 2026, with Overlord Labs at DB HiTek among the first to tape out.

Revenue has grown accordingly. H1 FY26 revenue reached A$5.6 million — an eightfold increase over the same period a year earlier. FY26 guidance has been upgraded twice: from A$10 million to A$12 million after the strong first half, then to A$13.5 million in July 2026 as existing customer projects expanded. This is still licensing and engineering revenue, not royalties. The royalty phase — the point where the model compounds — begins only when customer chips reach volume production, likely in 2027 or 2028.

Coby Hanoch and the management bench

Coby Hanoch joined Weebit as CEO in October 2017, when the company was a pre-revenue R&D operation. Born in Jerusalem in 1960, Hanoch holds a BSc in Systems Design from the Technion. His career spans nearly 45 years in the semiconductor industry: engineering at National Semiconductor in Israel, then Advanced Computer Research Institute in Lyon, then Israeli startup nSOF, then founding VP Worldwide Sales at Verisity (grew to $100M+ revenue before acquisition by Cadence), then VP Worldwide Sales at Jasper Design Automation (doubled sales before Cadence acquired it in 2014), then CEO of PacketLight Networks (turnaround from near-bankruptcy).

Chairman David "Dadi" Perlmutter is the former Executive Vice President and Chief Product Officer of Intel — one of the most senior Israeli executives in Intel's history and a figure whose name carries institutional weight with every chipmaker in Weebit's customer pipeline.

Weebit inside the Israeli semiconductor cohort

Israel's semiconductor position is built on a small number of companies that each occupy a distinct layer of the chip stack. CEVA (Nasdaq: CEVA) licenses DSP and wireless IP cores. Tower Semiconductor (Nasdaq: TSEM) is the specialty analog foundry. Camtek (Nasdaq: CAMT) and Nova (Nasdaq: NVMI) build inspection and metrology equipment. Nano Dimension (before its pivot) represented the electronics-manufacturing layer. Weebit occupies the memory-IP layer — a category with no direct Israeli peer and very few global peers at the same stage of Tier-1 commercial adoption.

The ASX listing is unusual for an Israeli semiconductor company. Most Israeli chip companies list on Nasdaq or the TASE. Weebit's Australian listing reflects its early capital-formation history — the company raised initial funding through the ASX small-cap ecosystem — but its operations, R&D, and customer relationships are overwhelmingly Israeli, European, and American.

Watch points

• First customer tape-outs at DB HiTek — whether chips containing Weebit ReRAM reach volume production on schedule in late 2026 or early 2027.
• Onsemi qualification completion — final qualification at onsemi's own fabs is the validation that opens the next tier of IDM prospects.
• The royalty transition — when licensing and NRE revenue gives way to per-unit royalty revenue, the model changes shape.
• TSMC's ReRAM roadmap — whether TSMC's shift from MRAM to ReRAM accelerates customer demand for Weebit IP at advanced nodes.
• Cash runway — approximately A$172M against ongoing losses of ~A$38M annually; funded for several years but not indefinitely pre-royalty.
• Additional Tier-1 licensees beyond onsemi and Texas Instruments.

Frequently Asked Questions

What is Weebit Nano?
Weebit Nano (ASX: WBT) is an Israeli-founded semiconductor IP company that licenses Resistive RAM (ReRAM) technology to chipmakers. ReRAM is a next-generation embedded non-volatile memory that replaces Flash at advanced process nodes below 28nm. Headquartered in Hod HaSharon, Israel.

What is ReRAM?
Resistive RAM stores data by switching a thin oxide film between high- and low-resistance states. It offers lower power, faster speeds, higher endurance, and scalability below 22nm — the node where embedded Flash breaks down. TSMC and other leading foundries are transitioning their embedded NVM roadmaps from MRAM to ReRAM.

Who are Weebit's customers?
Onsemi (licensed Jan 2025) and Texas Instruments (licensed Dec 2025) are the two Tier-1 licensees. Foundry partners include SkyWater Technology and DB HiTek (Korea). First customer tape-outs target late 2026.

Why is Weebit listed on the ASX?
Weebit raised early capital through the Australian small-cap ecosystem. Its operations, R&D, and customer relationships are primarily Israeli, European, and American.

Is Weebit profitable?
Not yet. The company reported a net loss of approximately A$38 million. Revenue is growing rapidly (H1 FY26: A$5.6M, 8× YoY) but consists of licensing and engineering fees. Royalty revenue — the recurring, volume-based income stream — begins only when customer chips reach mass production.

Who is Weebit's CEO?
Coby Hanoch, CEO since October 2017. Technion-trained, 45 years in semiconductors, previously VP Worldwide Sales at Verisity (acquired by Cadence) and CEO of PacketLight Networks.

How much cash does Weebit have?
Approximately A$172 million following a heavily oversubscribed A$102 million institutional raise. At current burn rates, funded for several years through the pre-royalty commercialization phase.

Primary Sources

• Weebit Nano H1 FY26 results (Feb 27, 2026)
• Weebit Nano FY26 revenue guidance upgrade (Jul 2026)
• Texas Instruments licensing announcement (Dec 2025)
• Onsemi licensing announcement (Jan 2025)
• Weebit corporate site (weebit-nano.com)
• ASX filings under WBT

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The Olam Editorial Team