Atomera Stock Jumps Nearly 50% After Synopsys Deal Puts GaN Chip Tech in Focus
Atomera shares surged 49% to $9.20 midday Friday after the company said it expanded its Synopsys partnership to model gallium nitride devices for RF and power chips. Trading volume topped 24 million shares, lifting Atomera’s market value to about $288 million. The announcement comes ahead of Atomera’s May 5 first-quarter results, with investors still seeking signs of commercial revenue. No financial terms were disclosed.