Why the 4DS Memory (ASX:4DS) share price surged 8% today
Aaron Teboneras | May 13, 2021 4:21pm |
More on:
The
4DS Memory Ltd(ASX: 4DS) share price was rising against the tide of today’s negative ASX market trend. This followed the memory storage provider’s announcement of a renewed partnership agreement.
By the market’s close, 4DS Memory shares were trading at 14 cents a pop, up 7.7% for the day. In comparison, the
All Ordinaries Index (ASX: XAO) ended the day sitting at 7,194 points, down 1.2%.
What does 4DS do?
4DS Memory is a semiconductor company that develops resistive random-access memory (ReRAM). With research facilities in Silicon Valley, the start-up tech is focused on commercialising its product to become a replacement for more traditional