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| Statement |
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| MST is truly an amazing tool and the brilliant team here at Atomera is hard at work on covering its potential and delivering it into the hands of future licensees every day |
| The beauty of this architecture is that each chiplet can be developed in the optimum process technology for its role and the fact that MST provides performance boosts that all these different nodes brings enormous value which should become a new driver for MST adoption |
| And so, I think it's really good that they're doing both paths |
| Interest in our RF SOI technology also remains strong and we have multiple different customer wafer runs underway |
| We are happy to see this since our customers' cash flow will improve but we still expect to see modest fab utilization rates which benefits our business development prospects |
| We're still doing development with them and we hope that turns into something very good in the future; probably could have done a better job in my prepared remarks of connecting that particular customer with our RF SOI work but that is something that is continuing and we're quite excited about |
| Our team is confident that it's only a matter of time before we can announce license deals that will further solidify the potential of that Merus business for the future |
| Interest in the use of MST for these devices has been spreading and has created excellent opportunities for new engagements and partnerships |
| We are doing everything in our power to get ST to production quickly but we also have an incredibly valuable portfolio of other potential customers who we are working to take into the commercial stage |
| In addition, we've seen excellent results from customers and partners and strong advances in R&D that will ultimately result in more commercial licenses |
| In the last call, we spoke about the excellent results we had with our JDA 1 customer and its applicability to one of their largest BUs |
| This is the type of execution that leads to a successful enterprise and I can tell you, I'm more optimistic than ever about our potential |
| One thing that has become even more apparent this quarter is that as customers start to understand our technology more, they come up with new ways of using MST that we haven't even imagined which should become a strong growth driver for our technology horizontally across existing customers as our penetration increases |
| MST is uniquely suited to deliver performance improvements with our SP and SPX technologies |
| Good results here should pave the way for a license agreement in this area |
| We're making good progress in talks with possible replacement providers for foundry services but nothing has been finalized yet |
| As you can see, we made great progress towards commercialization this past quarter and in 2023 |
| Our progress since our last update call has been truly remarkable |
| Our first production license with ST, followed by the great progress we've made in Q4 will be looked upon as the trigger for Atomera's success |
| Of course, we talked last year about what -- I mean we think the CHIPS Act really provides a tailwind for us in many ways and especially the establishment of the new national semiconductor development center that they're talking about |
| The same features driving interest in advanced nodes is also stimulating demand in the memory space and our work with those customers continues to be active and exciting |
| So, they do have some work to try to -- I mean, I think they're going to get very good results on their first run but their goal is to spread MST in a lot of places, so they can get good results across more and more components in their designs |
| Although we've always guided that installation can take up to 3 months, the ST EPI team was able to get trained on our technology to the point that they could grow high-quality MST on their wafers which allowed us to pass all their acceptance criteria before Christmas |
| And in Q4, we signed an MST CAD license agreement with a large manufacturer to start working on it which shows how momentum for both MST SP and SPX is growing |
| And so we hope that goes someplace is good |
| First, it validates our business model and the value that MST brings to customers when they truly appreciate its capabilities |
| A trend we are seeing in the higher voltage semiconductor area is providing a tailwind to our MST offerings |
| Cody Acree Excellent |
| And if we were able to do that, then that might give us a really easy channel into getting success at some of the semiconductor manufacturers |
| Richard Shannon Thanks, Mike and thanks, Scott and Frank, for getting me on your call here and congratulations on the great success of indels year here |
| Statement |
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| Again, at very small process nodes, you can imagine if you have a feature on your transistor, that's only several silicon atoms wide and you have open fluctuation and a few dopants moving into the wrong place is a real problem |
| While this is a wider range than I provided in previous calls, this is due to the uncertain financial impact of moving from TSI semiconductor to a new foundry |
| As you know, 2023 was not the strongest year in the semiconductor industry, characterized by negative growth cutbacks in CapEx plans and some slowdown in spending |
| It's difficult to meet them with single-chip solutions |
| And so, I definitely feel like they were a bit distracted at the end of the year |
| In terms of longer-term R&D, yes, prolonged inability to work with the foundry would have some impact on us but we're not seeing that |
| But they are having similar problems with the areas that I just talked about |
| So, we don't anticipate that that's going to hurt us commercially at all |
| In the third quarter of 2023, GAAP net loss was $5 million or $0.20 per share |
| And as a result, our R&D expenses in Q4 declined from prior quarters in 2023 |
| Despite the delay in starting installation, we believe that timing still holds |
| This is quite technical but there are different scattering mechanisms that happen in transistors when they're sending electrons across them and they impede the mobility of electron flow |
| The lower net loss in Q4 compared to Q3 was due to our Q4 revenue |
| Finally, we get a lot of questions about how MST is related to the fast-evolving developments in artificial intelligence |
| Our GAAP net loss for the year ended December 31, 2023, was $19.8 million or $0.80 per share compared to a net loss of $17.4 million or $0.75 per share in 2022 |
| But seeing ST has caused them to take it to the next level |
| The industry has reacted to this problem by creating a new architecture which collects a number of smaller chiplets on a silicon interposer |
| I don't think that's that unusual |
| As you may know, AI algorithm demands have become so huge |
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