The 4DS Memory Ltd (ASX: 4DS) share price rocketed up in early trade today. Here’s why this ‘Silicon Valley company’ is on fire.
The post Here’s why the 4DS (ASX:4DS) share price is surging today appeared first on The Motley Fool Australia. –
The 4DS Memory Ltd (ASX: 4DS) share price shot up in early trade today, reaching 13.5 cents a share before retreating slightly to its current price of $12.75, up 5.8%.
Today’s gains mean that the 4DS share price is up more than 166% year to date, and up 150% since the start of September.
4DS Memory is a company that works in the provision of computer memory devices, namely RAM (random access memory) and similar products. Based in Silicon Valley (in California, USA), it describes itself as a “semiconductor development company of non-volatile memory technology… for next generation gigabyte storage in mobile and cloud”.
It holds a number of patents in the United States for RAM technology, with additional patents in the pipeline (more on that later). As such, 4DS reckons that it “is well-positioned to address the massive memory demands of tomorrow”.
So what’s behind this sudden rush for 4DS shares?
4DS share price benefits from US patent approval
The 4DS Memory share price appears to be benefitting today from an announcement the company made to the markets this morning just after open. In this announcement, 4DS advised that it has been granted approval by the United States for yet another patent. That brings the company’s total to 29.
This particular patent (Patent No. 10,862,028) is titled Resistive Memory Device Having A Template Layer. The company notes this patent “broadens the claims of previous patent grants”.
4DS CEO and managing director, Dr Guido Arnout, had this to say on the development:
4DS is extremely pleased to receive another USA patent grant which broadens its claims in Interface Switching ReRAM.
The company is working with patent attorneys and the US Patent and Trademark Office to have three more strategically important patents granted as soon as possible and will continue to file additional patents around new internal innovations.
4DS also noted in this release that, “the company has filed an additional three USA patent applications to protect its stream of internal innovations and to strengthen its intellectual property portfolio in the area of Interface Switching ReRAM for Storage Class Memory near to DRAM”.
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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.