Australian-listed semiconductor company Weebit Nano and flash memory chips provider XTX Technology have signed a letter of Intent to co-operate and investigate ways to use Weebit’s SiOx ReRAM technology in XTX products and explore potential co-operation in sales and marketing activities in China.

Semiconductor and hardware manufacturer Broadcom has said it will take a hit of about US$2 billion in annual sales for its current financial year which ends in November, due to the restrictions placed on Chinese telecommunications equipment vendor Huawei Technologies.

Australian semiconductor IoT start-up Morse Micro has secured $23.8 million in Series A funding to take its ultra low power Wi-Fi HaLow chip to mass production.