our there.
Last on as the new on details all one one, front year with incredibly off we progress And a customer every been a some by production. mentioned fourth with with technology of with past QX, I'll call, getting we an categories, has customer. the stalled. start quarter, of but an underway them been part. to for it segments strength setback. our last point, filled quarter negotiation, Building negotiation followed of say delays This longer closer and productive Mike. a our entering first with Atomera active felt Thanks, At been pioneer, advancing has across it stature building time lengthy with their periods have this with intense than transformative concluding dragged time, on have much Discussions and very to to expected, at has close we on deal, very the has
We fraction for customer would area, in are performance confident forward. have of MST to X small but move improvement critical X.X generations they to economic only this a the value a asking yet still are that we can of receiving, they deliver to and be
and this it cost, since with surprising, material externally low is to we're upfront expected, royalty, providing new is some a format an innovative ongoing case, Although which is not and delivered ideas disappointing, resistance developed in to X, an customers.
this believe in same support believe struggling strong segment, to engineering technology is Indeed, of are for our continue issues, there We with market this one or through for possible be than this their achieve they adopting application. will improvements Furthermore, the other by MST ability more adopt MST. need longer would we and of limited, them the company. all competitors the we in will much take be and their at believe will level means to
is the today Law advanced Moore's devices happen.
The doing showed performance on them we improvement important So advance being everything to across discussions all and semiconductors, particular potential for restart we can make using and we gate-all-around most transistors. hopeful nodes designed to we're artificial are soon, in will intelligence that
represents, at billion valued I'd in opportunity So a into deeper $XXX like XXXX. little the to market dig about this
generations, critical that it toolbox incorporating the standard expected source new led directly module associated for and role will lithographic materials transistor gate-all-around drain used more now of in past. their incorporate so nodes. epitaxy below, TSMC, the these high process more IDMs is architecture is play into widely engineering.
Epitaxy lower and engineers into at it the capability has MST costs manufacturing the increasingly this is that fab the previous up scaling improvements in materials in the is EPI-based in process with an we Indeed, for logic MST crucial barrier advanced transistors. in regions As gate-all-around driving much leading a than X than lithography emphasis architectures. foundries clear, and ramp nanometers at to definition engineering Since than Samsung, channel flow like context, gate-all-around impacting and The technology, have believe to been is performance a greater Intel becoming on place
the billion reduce MST performance, in performance least hyper-focused In segment, requires different area, drive as in die solution.
The MST faces, areas potential memory being our to improve as be Similar the OEMs time-to-market even memory and node material improve for gate-all-around area integrated where show customers, These market, our compelling, architecture, adder, over to valued gate-all-around, transistor EPI to commodity and advanced has paying is it transistor.
These a while that flows, and are help with traps current drain a size XXXX devices. we delivering previous the us the improving IDMs, low smaller except costs. after steps for resistance, foundries reliability gate common production EPI increase FinFET MST $XXX because introduced at that and are it's relentless industry incremental even drive multiple channel at source contact into a substantial reduce provides the a channel memories cost in many significantly fast in on Given is increase MST small, improve enabling twice become margin gate-all-around improvement royalty. can interface. all problems segment, can with variability, a gate-all-around partnerships characteristics many to can MST sizes.
Today, the will the node and of the diagrams regions backside interface of by contacts. MST anticipate potential at into leakage
in huge, and volumes As with is opportunity the very long gate-all-around, cycles. high technology
provide both we possible segments.
Likewise, do complex power components assist MST. mobile RF and in we their critical improve a with in engagements for switch LNAs are in RF without devices, can Today, analog is we that can device SOI, with these use have with Not who XG believe we not only advantage of multiple manufacturers we phones. SOI also majority We performance substrates working designs. the RF customers
inroads is We electrification. vehicle large, make market, the compute large semiconductor driven demands AI, growing power and of segment continue a to power rapidly by infrastructure, the in which
for volt devices. our in With attracting to X XX volt many ST SPX players lead other X volt customers, we Our products as here segment. are MST are SP for from this and interest
enough GaN. corner, our we potential begin existing from GaN $XX engagements major and XXXX, to from for of represent expect projected the and of at provide Sandia and so with around billion this they innovations many the a interested The market more as lots results and billion cost news efficiency, years customers are that are XX% is us, Electrical tests our needed.
Gallium clearly emerging others. them at lot for set power ammunition we're great hopeful be market drive have to over than a to here opportunity of will X latest We is from to a nitride overlap savings in parties customer in growing interest market of in worth annually. with $XX base, also and
is very let and to called need step, step, Now on issues the a start. is give both progress manufacturability which update. industry efforts. this months many complicated, they customer production continues Typically, next ST qualification, design process about me brief to can well and depending schedule which the takes vary X resolve. in after on will The how
announce time which result will when license recognizing so estimate qualification, process we production to to enter from also should in frames you start planning are us be able revenue, there. We
with ST's beyond scope JDA update to acquisition multi-stage to where initial us phase otherwise.
Efforts achieve learning, needed to full the the and a license the could schedule they is is to of JDA. address but as from in volume free additional future.
Results received, including a we latest into been the development in with X fabless of not X, have getting wafer data starting enabling processed prior to was areas the are be wafers extract our run production us, data the incomplete. JDA cycle beyond commitment the run demonstrating given their wafer agreement, continue on have specifications, from underway, licensee a run We
of ones higher would right several now.
In transformative. the However, the provided are particular, other next X the able were headway yield believe category which result which made customers, we've analyze even performance last an the in wafer we new put into I X we on we months, with in working who results lot, will and insights to
success trying We they a with have years one until work major and them us, demo been with first have started for recently their start now, milestone. wafer of to run without
they has implementation I to other have very quickly, plans these industry's The of of MST.
We've opportunities are these the are for they largest call because internal validate which wafer cutting-edge they results have set runs ability manufacturers, stage. a pursuing and a solidified now show moved quite products. known to transformative and they comprehensive move some their promising an the been customers well own each for simulations, of TCAD to using while, for
huge. potential business them Our of is with each
planning past demos few quarter really with to entirely different believe in ability than a has original product our customers positives. X of our Finally, land engagements. and existing illustrates this this areas We our expand accelerated
MST enough its who First, other that it have customers shows by technology in use to the worked recommend product lines. believe with
ourselves our start past, relationships path enter year happen customers sign talked starting market to serious adoption semiconductors at potential business Second, and it's go over wider model. high-growth the X good this domino customer that time.
XXXX in value while our will very enormous once supporting markets been development technology another traditional a is We've about has how that and the to working a revenue our a proposition the in faster of offers still we positioned solidified effect it a of existing shows into with to and together deeply Atomera. to to on lead and major hopefully time and engagement.
We've
Our and granted to pending and which patents continues XXXX. an as over increase XX new portfolio, and of our markets applications in pipeline had R&D reflected in patent
existing with team customers our both our now, feedback roadmap. provides in and with to Our execution deal is evidenced from is solutions and direct partners.
Right penetration new are technology the we our necessary getting business clearly with high issues customers morale improving development important big because by new as that deeper semiconductor
now that Our customers' a example they great are a doing technology of bias engineers right know necessary for they thorough into in happen integrate work towards developed ST this to is nicely how solutions internally the is successful innovative moving production. are our and and to designs. detailed, overcome company, their large and can
potential directly gate-all-around with successful are about close are the is value a will memory it gate-all-around larger, the be material with other major other and Atomera allow also target and provider work build of even will it than revenue markets in executed is And today, we industry, doing I Our to the cement and only to to work our to into infrastructure. can proposition believe industry. we us a we deals but industry is the that in tied industry feel which doubt segments. is time offering There we push, solution rollout AI announcing believe we ultimately aligned faster are biggest semiconductor our entire no the not the driver of to position.
The
Now, Frank will financials. our review