ATOM Atomera Inc

$ATOM This is my perspective on the conference call 1. GAA (Gate-All-Around): Added 1 new customer. Since only the top 3 global foundries operate mass-production GAA processes, the 3 evaluated customers can be reasonably inferred as the Big 3 foundries. Japan's Rapidus has not yet set up its mass-production process line, making it incapable of generating silicon test data. Therefore, the customers are assumed to be Intel, TSMC, and Samsung Foundry, in that order. The first two customers are progressing smoothly through their milestones. The third customer was recently added and is in the early stages of evaluation. Since the evaluation builds upon silicon data previously generated at the AMAT R&D fab, milestones are being cleared without major issues. Current demand for leading-edge nodes utilizing GAA is exceptionally high, and each company demonstrates strong investment intent, meaning the impact upon adoption will be massive.

$ATOM Tape action highly telling... Likely trades much higher near term. If a stock trades opposite of the market and its sector, displaying surprisingly strong relative strength amidst a bloodbath, there is generally a reason for it...

$ATOM If most of us hadn't been here since the dinosaur age, I'd be very excited about that call. I thought it was really good and quite encouraging. While it continies to take much longer than any of us ever contemplated, the opportinity now is exponentially larger than any of us ever originally envisioned.

$ATOM This is a summary of the main points from the earnings call GAA - Customer base increased to 3 (+1 customer) - MST was developed to solve the high-difficulty diffusion control challenge of holding individual dopant atoms precisely in place throughout the downstream thermal budget. - Actively collaborating with all leading companies. - Actively evaluating and collaborating with three out of four Gate-All-Around customers, while maintaining active dialogue with the remaining one. - All collaborations prove that MST is a unique solution capable of solving the most critical challenges faced by engineering teams developing Gate-All-Around process nodes and the next-generation CFET. - Verification is conducted very cautiously, requiring numerous proof points. - Clearing each stage and milestone carries immense technical and commercial significance.

$ATOM Caught up with an old friend who knows this company far better than most. He insisted today's news is much bigger than most may realize and the share price currently depicts. He gave me a list of reasons, all over my pay grade and I was preoccupied at the time. Hearing his bullishness and conviction in general was sufficient. Looking forward to the upcoming call.

$ATOM I know it’s a crappy day in the market, but I wouldn’t be surprised if we close green today. Even ONE GAA announcement could 10x share price from here! Scott has never been so bullish about GAA. 💪

$ATOM Atomera supports two models in its GaN business: supplying MST wafers, or having customers deposit MST themselves. Large IDMs and foundries typically perform their own GaN deposition, so for them, Atomera simply provides MST wafers, which are silicon wafers with an MST layer deposited by Atomera. However, fabless companies and smaller players that cannot perform GaN deposition in-house need a partner to do it for them. That role is filled by IQE, a company specializing in compound semiconductor epitaxy. In other words, this does not mean IQE will produce all GaN MST wafers. Rather, it means Atomera can now offer RF GaN MST wafers to RF customers that do not do their own GaN deposition. IQE is a UK-based company specializing in compound semiconductor epitaxy, including GaAs, GaN, and InP. It has long supplied GaAs epiwafers for mobile phone power amplifiers (PAs), and its wireless revenue has recently been growing on the back of qualifications on new customer platforms.

$ATOM It's amazing that retail investors apparently can't put these statements into perspective. Scott Bibaud is stating nothing less than that MST is being used 100% here at the Epic Center, and he mentions AMAT and Intel by name for the first time. This is either a deliberate breach of an NDA, or—and this is more likely in Scott’s case—he has permission from AMAT and Intel to do so. For anyone who still had doubts about MST’s success, this should be the final wake-up call! My prediction is that the stock will one day open with a gap at $12, $15, or $20 when an 8K hits the algorithms before the market opens. There likely won’t be another chance to get in at a single-digit price here. The days of high opportunity costs should be coming to an end soon, in my opinion.

$ATOM Only 4 companies in the world are developing gate-all-around and back in February, I set a clear objective for the year to be actively engaged with the leaders driving this transition. Today, I can tell you we've met that objective. We're now engaged with 3 of the 4 gate-all-around customers, and we remain in active dialogue with the 4. $QQQ $SPY $SOXL $INTC

$ATOM The earnings call was fundamentally extremely “bullish,”... The focus on the next 6 to 9 months in the GaN sector and the pending PR approval from the power customer (STM) continue to require nerves of steel. In the current interest rate environment, the market punishes any delay, even if the technology—as outlined here—is permeating the entire semiconductor ecosystem. Many will not fully understand what Scott B. said yesterday. I recommend that they study what posted on this topic. It looks like the period of suffering will soon come to an end. The ridiculous stock price is solely due to the fact that Scott B. has lost his credibility over the years.

$ATOM interesting timing that atomera starts working with 3 GAA customers at the same time that applied materials announced they are also working with Intel in the epic center after previously announcing Samsung/tsmc.

$ATOM During the question-and-answer session, Bibaud said Atomera has met the milestones established by its GAA customers so far. Those milestones include physical testing of deposited films in complex structures, assessments of uniformity and durability through later manufacturing steps, and eventually evaluations of dopant diffusion and electrical performance $QQQ $SPY $SOXL $SMH

$ATOM , I was driving home from a 3 hr trip. Caught most of the call but couldn't post. Heavy traffic all the way. While Scott avoided answering direct questions about GAA customer advancements, another added to the pile is nothing scoff at. Like he said, it is a huge achievement just getting them to trust you with their IP. This one, at least to me, sounded like the whopper - TSMC, going by his comments. It sounds like if all 3 adopt, then the 3rd will fall into place. Besides the areas where we are likely to be adopted soon in Prima (which is Italian, right?;)), NAND sounded like they won't be using the same nm logic base wafer they validated in silicon already for dram, which was my only concern there, because that means, it'll take time. They must want a higher performing logic. So sounds like that and the dram will need to be validated. While that won't happen overnight, they could see a jda fairly quickly or they may go the same route as the gaa guys are going.

$ATOM” Our characterization partner, Incize, has now delivered RF data for MST-enabling GaN-on-silicon that is frankly outstanding. The devices deliver, effectively, lossless RF, together with outstanding harmonic-distortion performance, leading to exceptional linearity. At the benchmark-drive level, linearity is roughly 1,000 times better than the GaN-on-silicon reference. That improvement remains two to three orders of magnitude across the full sweep of power. We know of no other GaN-on-silicon substrate that can duplicate these findings.”

$ATOM This could be re-testing the 45-50 zone. Just saying. Seriously Scotty ... you have this company where many of us dreamed it would be 8-10 years ago. Opportunities all over the place. Let's hit the inflection point today and keep going!

$ATOM Just an observation in line with Scottys LinkedIn post.... $INTC earnings 10/29 at 2pm PDT (5pm EST) $ATOM.X earning 10/29 after market close (5pm EST). Calls scheduled at the same time? If there was an announcement coming, best to let your customer do it first or at the same time. #FingersCrossed

$ATOM soooo. 2 GAA customers running silicon on the verge of a manufacturing license any day. A third GAA in initial talks A 200mm tool lease through 2027, likely for Prima GaN with IQE, which is rapid product development. Hard to tell which one will bring the news first GaN or GAA… And here we are at $3. If this gets cheaper, I’m going balls deep on GAA alone.

$ATOM Thought Scott’s response to the STmicro question was extremely telling. I actually think it is a done deal and STM is going into production next year.

$ATOM the opportunity does exist for something newly learned to be announced today. I remain hopeful.

$ATOM I guess one final thought before I call it a night. This was the first call in a few years that I immediately afterwards wasn't wondering (more like fuming) why Bibaud just doesn't put what pieces he has left up for sale and move on. It seems like he now has a plan to maximize the value. I think he was a bit flat on the call, BUT it also appeared that he was being so careful on what he was saying. It's gotta be tougher now with the 3 (highly competitive) GAA players all listening in to see what Scotty is going to divulge. All 3 are probably wanting to move faster now that Scotty has their attention. Can we get all 4 for the next call? As a bonus ... it seemed Scotty all but let out that they are working out a deal with STM, but I'll have to listen to the replay or see transcript. That would be extra encouraging.