Why has the 4DS Memory (ASX:4DS) share price crashed 12% lower?

The 4DS Memory Ltd (ASX: 4DS) share price has crashed lower for the second consecutive day, trading down 12.24% this afternoon to close at 21.5 cents. It’s a sharp come-down for the 4DS Memory share price, which touched its 52-week high of 28 cents just last week.

And it comes despite the semi-conductor manufacturer releasing positive results today on its progess in developing its memory technology.

Why is the 4DS Memory share price falling?

In today’s release, the company announced results from its second non-platform lot of testing. This was done as a follow up to ensure the validity of the initial test performed in June last year. At the time, the company said it had measured “the highest speed and endurance in the…