Information Technology
4Ds Memory Limited (4DS)
4DS Memory Limited is an Australian semiconductor development company creating a next-generation non-volatile memory technology called Interface Switching ReRAM. Operating primarily in Silicon Valley, its technology aims to provide a faster, more durable, and lower-power alternative to existing memory solutions like Flash and DRAM. The company is in the research and development phase, collaborating with industry partners to prove its technology for licensing to major semiconductor manufacturers.
Market Cap
A$20M
Shares on Issue
N/A
Price Chart
AI Analysis
As a pre-revenue micro-cap company with a market capitalisation of approximately A$20M, 4DS's current position is entirely focused on research and development. The company's performance is not measured by financial metrics like revenue or profit, but by technical progress and the achievement of key milestones in its ReRAM memory development. Recent performance is typically dictated by the results of wafer testing conducted with its strategic partner, imec, and its ability to secure funding through capital raises to continue its operations.
The growth outlook for 4DS is binary and highly speculative, contingent on the successful commercialisation of its ReRAM technology. Key catalysts for future growth include demonstrating memory performance that meets the stringent requirements of major semiconductor manufacturers, securing a licensing or joint venture agreement with a fab partner, and successfully raising further capital to fund development. The increasing demand for advanced memory in AI and high-performance computing represents a significant long-term tailwind if the technology proves commercially viable.
Bull Case
- • The company's ReRAM technology, if successful, could be a disruptive force in the multi-billion dollar memory market, targeting high-performance applications.
- • A strategic partnership with imec, a world-leading R&D hub, provides access to state-of-the-art fabrication facilities and lends credibility to its development process.
- • The growing demand for faster and more efficient memory for AI, data centres, and high-performance computing provides a massive potential addressable market.
Bear Case
- • Significant technology risk exists; the ReRAM technology may fail to meet the required performance, endurance, or cost metrics for commercial adoption.
- • As a pre-revenue company, 4DS is reliant on continuous capital raisings to fund its operations, leading to potential shareholder dilution and funding uncertainty.
- • The company faces intense competition from established memory giants (like Samsung and Micron) and other emerging memory technology developers, all with significantly greater resources.
Recent Announcements
December 2025 Quarterly Activity Report and Appendix 4C
🚨 Price SensitiveCommitments Test Entity (CTE) reports increased quarterly activity for the December 2025 period, with detailed financial data available in appendix 4C. Investors are advised to review this comprehensive report and consider its implications on their investment strategy.
FAQs
What does 4DS do?
4DS is a technology company developing a new type of computer memory called Interface Switching ReRAM, which aims to be faster and more durable than current technologies.
Is 4DS profitable?
No, as a pre-revenue R&D company, 4DS is not profitable and invests heavily into developing its memory technology. Profitability depends on future commercial success.
What drives 4DS's share price?
The share price is primarily driven by announcements on technical milestones, wafer testing results, partnership news, and the company's ability to raise capital.
Key Metrics
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