Weebit Nano Licenses ReRAM Technology to Texas Instruments for Advanced Processing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Globenewswire
- Technology Licensing Agreement: Weebit Nano has signed an agreement with Texas Instruments to integrate its low-power, high-temperature resistant ReRAM technology into TI's embedded processors, enhancing TI's competitive edge in the embedded processing market.
- Industry Trend Signal: Weebit’s CEO noted that this collaboration signals a shift towards ReRAM technology in the industry, indicating that ReRAM is set to succeed flash memory in SoC designs, further solidifying Weebit’s leadership in the ReRAM sector.
- Technical Advantages: Weebit’s ReRAM technology offers industry-leading performance, scale, and reliability, catering to the growing demand for high-performance, low-power memory solutions in emerging electronic products such as IoT devices, smartphones, and 5G communications.
- Market Potential: With TI producing tens of billions of chips annually, this collaboration not only accelerates the market adoption of ReRAM technology but also enhances Weebit’s influence and market share in the global semiconductor industry.
TXN
$176.88+Infinity%1D
Analyst Views on TXN
Wall Street analysts forecast TXN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TXN is 194.33 USD with a low forecast of 125.00 USD and a high forecast of 245.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
22 Analyst Rating
12 Buy
6 Hold
4 Sell
Moderate Buy
Current: 177.130
Low
125.00
Averages
194.33
High
245.00
Current: 177.130
Low
125.00
Averages
194.33
High
245.00
About TXN
Texas Instruments Incorporated is a global semiconductor company that designs, manufactures, tests, and sells analog and embedded processing chips for markets, such as industrial, automotive, personal electronics, communications equipment, and enterprise systems. Its Analog segment includes product lines, such as Power and Signal Chain. Power includes products that help customers manage power in electronic systems. Its portfolio is designed to manage power requirements across different voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated DC/DC switching regulators, power switches, linear and low-dropout regulators, voltage references, and others. Signal Chain includes products that sense, condition, and measure real-world signals to allow information to be transferred or converted for further processing and control. The Embedded Processing segment includes microcontrollers, digital signal processors (DSPs) and applications processors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
