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Atomera Inc. (ATOM) shares were up more than 13% in Sunday’s overnight trade after closing up nearly 39% on Friday after the company announced an expanded collaboration with Synopsys, Inc. (SNPS) to advance Gallium Nitride (GaN) workflows.
If gains hold, the company’s stock is on track for its best month on record after surging about 125% so far in April.
Atomera’s expanded partnership with Synopsys advance GaN device modeling for radio frequency (RF) and power semiconductor applications builds on the companies’ long-standing relationship.
The collaboration will help Synopsys gain deeper insights into how advanced materials can be leveraged to design more efficient devices and address the semiconductor industry’s future RF and power challenges.
Under the collaboration, Atomera will use Synopsys’ Sentaurus TCAD tools to develop a GaN calibration methodology for TCAD workflows, create marketing materials and calibrated TCAD decks for GaN devices, and provide product feedback to Synopsys.
Synopsys is a leading Electronic Design Automation (EDA) that has strong partnerships with industry leaders like Nvidia Corp. (NVDA), Taiwan Semiconductor Manufacturing Company (TSM), and Arm Holdings PLC (ARM) among others. An expanded deal with the company will likely give Atomera access to top-tier customers and next-gen design workflows.
“This collaboration represents a natural next step in our long-standing collaboration with Synopsys,” said Scott Bibaud, president and CEO of Atomera. “We have already shown the value of combining MST with Synopsys’ Sentaurus tools through MSTcad, and we are excited to extend that relationship into GaN to continue broadening Atomera’s reach into high-value RF and power semiconductor markets.”
On Stocktwits, retail sentiment around ATOM stock was ‘bullish’ amid ‘extremely high’ message volumes. Users cheered the company’s expanded relationship with Synopsys, with some anticipating a rise in share price.
One user called the Synopsys partnership “a big deal,” adding that Synopsys was one of the biggest names in the semiconductor sector, and an extended deal was “exactly how small tech names go from ‘interesting tech’ to serious industry validation.”
Another user predicted that ATOM stock would surge to $11 on Monday. The company’s shares were trading around $9.73 at the time of writing.
ATOM shares have surged more than 264% this year.
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