4DS Memory Ltd (ASX: 4DS) shares are catching the eye on Monday.
At the time of writing, the ASX tech share is up 30% to 9.6 cents.
Why is this ASX tech share rocketing?
Investors have been buying the semiconductor company's shares today in response to the release of a promising announcement.
According to the release, 4DS Memory has successfully completed further analysis of the Fourth Platform Lot and the results are significantly better that those announced in September.
The company advised that the Fourth Platform Lot has verified that 4DS has demonstrated reliable write speeds of 4.7 nanoseconds. This compares to write speeds of 9.5 nanoseconds previously and is significantly better than DRAM write speed of 30 nanoseconds.
In addition, it highlights that it has shown that memory cell programming is due to the phenomenon of Electric Pulse Induced Resistance switching (EPIR). It also demonstrates variable cell level writing by voltage or time pulse modification and persistent memory with low energy consumption.
The ASX tech share's executive chairman, David McAuliffe, commented:
Congratulations to the 4DS team for this remarkable technical achievement. This clearly establishes 4DS as the industry leader in potentially bringing Interface Switching ReRAM to market, and we welcome the opportunity to work with industry partners in memory, Advanced AI, and foundry services to explore how 4DS can bring added competitiveness and higher performance to their offerings.
Board adviser, Peter Himes, was very excited by the results. He added:
Achieving this technical milestone is significant for two reasons. First, at 4.7 nanoseconds the 4DS memory cell requires one of the lowest energy per bit of any persistent memory solution, and operating within the DRAM refresh cycle means that the 4DS cell can be refreshed as needed maintaining that persistence memory virtually indefinitely at very low energy consumption. And secondly, being able to program with a one shot pulse – as opposed to iterative programming that is needed for most other memory technologies – means that 4DS can truly respond at DRAM speeds without the penalty of constant DRAM refreshes. This opens up new possibilities for 4DS in the memory space as well.
This ASX tech share is up over 200% since this time last year.
