4DS Memory Limited (ASX:4DS) Enters Design Agreement with Infineon
Infineon Technologies Design Agreement
4DS Memory Limited (ASX:4DS) has signed a Design Agreement with Infineon Technologies LLC to create a custom ReRAM memory test chip tailored to 4DS’s requirements. Infineon will allocate resources for a project slated to last 15 months, with a total budget of US$4.5 million. This will commence with an upfront payment of US$1.5 million, followed by monthly payments that vary in amounts. Both parties may terminate the agreement under standard conditions, which would result in payment only for completed resources at the time of termination.
Advancements in Memory Technology
4DS’s development is progressing through different phases. The company is moving from using simple resistor devices towards a more advanced, customized macro Platform vehicle designed to optimise its unique Interface Switching ReRAM technology. This step is crucial for advancing their technology towards commercial viability. Executive Chairman Mr David McAuliffe expressed optimism, stating, “We are extremely pleased to have been able to engage a large global semiconductor leader in Infineon to take 4DS to the next phase of development.”
Company Update and Future Outlook
In previous developments, 4DS announced the shipping of the Fifth Platform Lot from imec to its California facilities. This lot focuses on optimising processes to scale down to a 20nm memory cell array for the Sixth Platform Lot. Although testing has faced some delays due to equipment failures, the analysis thus far has been promising, leading to strategic improvements for future processing. Mr McAuliffe noted the importance of integrating findings from the 60nm array into the 20nm cells to enhance their chances of success.
Continued Trading Halt
4DS will maintain a trading halt pending an announcement regarding a capital raising, expected by 19 December 2024. The company has stated it is unaware of any reasons for the halt to be lifted apart from this pending announcement.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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