Atomera Inc (NASDAQ: ATOM) is a semiconductor technology company that develops, commercializes, and licenses proprietary processes and technologies for the semiconductor industry. Revenue comes from licensing fees paid by semiconductor designers and manufacturers who adopt Atomera's Mears Silicon Technology (MST), a patent-protected thin film of reengineered silicon. Atomera does not fabricate wafers or integrated circuits itself; it operates purely as a technology licensor. MST is designed to improve transistor performance by enabling smaller geometries with increased speed, reliability, and power efficiency, and can be deployed using standard semiconductor manufacturing equipment. Target customers include fabless semiconductor manufacturers and integrated device manufacturers serving analog, logic, optical, and memory integrated circuit markets. The company targets the $700+ billion global semiconductor industry, as described in its 10-K filed February 24, 2026 for the fiscal year ended December 31, 2025.

Revenue model

Technology licensing. Atomera earns fees by licensing its MST process technology to semiconductor designers and manufacturers. It does not sell physical products or manufacture chips.

Products and services

Mears Silicon Technology (MST), a proprietary thin film of reengineered silicon that functions as a performance enhancement layer in semiconductor manufacturing, applicable to analog, logic, optical, and memory integrated circuits.

Customers and end markets

Fabless semiconductor manufacturers and integrated device manufacturers. End markets include analog, logic, optical, and memory integrated circuits within the broader semiconductor industry.

Value-chain role

Upstream technology licensor. Atomera sits between materials science and chip design, providing process IP that manufacturers integrate into existing fabrication workflows.

Source: SEC 10-K, filed 2026-02-24

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