XTX, also known as Paragon Technology, was founded in 2014, and has risen to become a major supplier of NOR and NAND flash products and also provides a system-in-package assembly service.
XTX has pledged to investigate the use of SiOx ReRAM technology in its own products. As a provider of flash memories to about 2,000 customers XTX has been studying the emerging non-volatile memory options which could scale beyond the capabilities of flash memory.
XTX and Weebit have set up a team to test SiOx ReRAM technology at XTX's facilities in Shenzhen. The two companies are also exploring potential co-operation in sales and marketing activities in China.
At the same time startup Weebit, which was also founded in 2014 and is listed on the Australian Stock Exchange, is making progress with a potential first customer in South Korea (see Weebit pivots SiOx memory towards embedded – and revenue).
In a first financial quarter statement Coby Hanoch, CEO of Weebit Nano, said: "We are actively working to secure first orders of our technology and are currently developing a memory module to meet the exact specifications of a potential first customer."
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