Shares of Atomera (NASDAQ: ATOM) have skyrocketed today, up by 36% as of 11:20 a.m. EST, after the company announced a new manufacturing deal. The joint development agreement (JDA) is with an unnamed “leading semiconductor provider.”
Under the JDA, the strategic partner will integrate Atomera’s Mears Silicon Technology (MST) into its silicon fabrication process. The semiconductor provider has licensed the technology in order to incorporate MST into its silicon wafer manufacturing process. MST uses a material that enhances transistors to improve performance, according to Atomera.