‘50 years behind’: ASX-listed AI play Weebit Nano lashes local market
Semiconductor hopeful Weebit Nano was lured to the ASX in 2016 as part of the Australian exchange’s international growth ambitions.
Even as it tries to woo new tech companies to the bourse, the ASX has been given a sharp rebuke by one of its top international recruits who says the exchange lags the global competition in adapting to the needs of the industry.
Israeli semiconductor IP company Weebit Nano reverse-listed on the ASX in 2016 and a year later Coby Hanoch took over as chief executive. He told Capital Brief that when he took over he wanted off the exchange.
“Believe it or not, the first action item on top of my to-do list was to get off it and here we still are six and a half years later,” Hanoch said, expressing interest in the Nasdaq "when the time is right".
When asked if Weebit would delist from the ASX or maintain a dual-listing, Hanoch replied it was "too early" to discuss.
