Slide 1: Investor Presentation
Investor Presentation March 2022 Atomera Incorporated 1
Slide 2: Safe Harbor
Safe Harbor This presentation contains forward-looking statements concerning Atomera Incorporated (““Atomera,” the “Company,” “we,” “us,” and “our”). The words “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “plan,” “expect” and s
Slide 3: Investment Overview
Investment Overview ► Mears Silicon Technology (MST®) is a thin film used to enhance semiconductors Results in higher performance, lower power, and lower costs for ICs ► Capital-light IP and technology licensing business Robust and growing patent portfolio ► Engaged with 50% of world’s top semic
Slide 4: MST Technology
MST Technology Potential Benefits ► Improved Efficiency Higher transistor performance Lower power consumption Better reliability ► Lower cost Reduced die size Improved yield Higher throughput ► Same benefits as a node shrink Atomera Incorporated 4
Slide 5: IP Portfolio Grew 14% YoY
IP Portfolio Grew 14% YoY 301 Patents Issued and Pending Discoverable These distinctive layers are visible on products using MST 118 US Patents 28 88 US Pending 60 Foreign 95 Foreign Patents Core MST Method and Device MST Enabled Devices/Architecture Extensive know-how Next-Gen Architectures using M
Slide 6: Target Customers & Partners
Target Customers & Partners Integrated Device Manufacturers Foundry Fabless Tool Suppliers (Partners) Atomera Incorporated 6
Slide 7: Customer Engagement & Revenue Model
Customer Engagement & Revenue Model v Customer Wafer Manufacturing Atomera MST® Deposition Customer MST® Deposition 1. Planning 2. Setup 3. Integration 4. Installation 5. Qualification 6. Production Phase Engineering Service • MST deposition on customer wafers Fees • Integration consulting • Integra
Slide 8: Customer Engagement Model
Customer Engagement Model Customer Wafer Manufacturing Standard customer engagement Atomera MST® Deposition Customer MST® Deposition Planning Setup Integration Installation Qualification Production Phase Current joint Atomera MST® Customer MST® Deposition development Deposition JDA Completion Planni
Slide 9: Customer Pipeline
Customer Pipeline Number of Customer Engagements 27 24 21 18 15 12 9 6 3 0 2016 2017 2018 2019 2020 1Q21 2Q21 3Q21 4Q21 Phase 1 Phase 2 Phase 3 Phase 4 • 19 customers, 25 engagements • Working with 50% of the world’s top semiconductor makers* • 10 of the top 20 (IC Insights, McClean Report 2021) ^ E
Slide 10: MST Key Benefits Across Nodes
MST Key Benefits Across Nodes Leading Analog & Mainstream FinFET Advanced 3D RF SOI Planar Mobility 25% 10% <5% 8% Dopant Engineering 20% 15% 15% 20% MST-SP TDDB/BTI 25% 25% 25% (enables overdrive) PNO & HKMG gate stacks 180nm 130nm 90nm 65nm 40nm 28nm 22nm 16nm 14nm 10nm 7nm 5nm These Benefits are
Slide 11: MST technology focus areas
MST technology MST-SP focus areas MST for RF-SOI MST for Advanced Nodes Atomera 11
Slide 12: MST-SP
MST-SP ► MST-SP is a highly-engineered asymmetric power device G Uses MST to enhance Idlin and precisely control B S D dopant profiles ► Improves 5V power devices Lower RSP Can be traded for up to 20% smaller area ► Targeted for rapidly-growing PMIC market 12
Slide 13: 5V Transistors – Critical and Growing Market
5V Transistors – Critical and Growing Market ► Targeted at rapidly-growing PMIC (Power Management IC) market Power devices can be up to 80% of PMIC die area ► All ICs need stable, regulated power Across battery charge level, lifetime degradation, and load Across usage modes – DVS (Dynamic Volt
Slide 14: Example: Use Of 5V Transistor In Apple iPhone13
Example: Use Of 5V Transistor In Apple iPhone13 13 of 25 IC’s in Apple iPhone13 Pro use 5V transistors iPhone 13 Pro teardown by Tech Insigths 5V transistor assessment by Atomera Reference https://www.techinsights.com/blog/teardown/apple-iphone-13-pro-teardown?utm_source=Prospect+Email&utm_mediu
Slide 15: 5V MST-SP Product – Value Proposition
5V MST-SP Product – Value Proposition ► Industry best performance at 180nm (Rsp) Based on measured silicon data Scalable to smaller process nodes Gate G B S D ► Meets all reliability requirements Source Drain Breakdown Voltage (BVDSS) > 10.5V MST MST ► Significant cost savings, performance ben
Slide 16: Royalty Opportunity
Royalty Opportunity ► ~370 wafer fabs operating worldwide ► Adoption of MST in one fab can make Atomera profitable from royalties alone 2022 non-GAAP OPEX guidance is $15.25M - $15.75M Example 1 | Worldwide Average Fab Example 2 | Leading Foundry, 28nm Fab Monthly Fab Capacity1 Monthly Fab Capacit
Slide 17: MST Customer Business Opportunity
MST Customer Business Opportunity ► Standard industry fab wafer pricing, GM, and cost GM$ MST Price GM% Increase Royalty Cost 28nm HP wafer $ 3,000 45% $ - $ - $ 1,650 28nm HP+ wafer $ 3,150 $150 price increase for +15% performance ► Fab gets a 30% performance improvement or 25% shrink via MST MST p
Slide 18: Financial Review
Financial Review Q4 '20 FY 2020 Q1 '21 Q2 '21 Q3 '21 Q4 '21 FY 2021 Balance Sheet 12/31/21 GAAP Results Cash $28.7M Revenue $ - $0.06M $0.4M $ - $ - $ - $0.4M Debt - Gross Profit $ - $0.05M $0.4M $ - $ - $ - $0.4M Shares Outstanding 23.2M Operating Expense R&D $2.2M $8.4M $2.2M $2.1M $2.2M $2.2M $8.
Slide 19: Summary
Summary ► High margin, recurring revenue financial model ► Strong technology, patent position, and balance sheet ► Traction with many top industry players and growing licensee base ► Ramping commercial license revenues Atomera Incorporated 19
Slide 20: Thank You
Thank You Atomera Incorporated 20
Slide 21: Backup Slides
Backup Slides Atomera Incorporated 21
Slide 22: New Board Member
New Board Member ►Suja Ramnath ►CEO & President – Integra Technologies ►Deep semiconductor business experience Division GM Analog devices Senior VP and GM MACOM Technology Solutions RF Micro Devices Electrical engineer 22
Slide 23: Customer Engagement Model
Customer Engagement Model Customer Wafer Manufacturing Standard customer engagement Atomera MST® Deposition Customer MST® Deposition Planning Setup Integration Installation Qualification Production Phase Current joint Atomera MST® Customer MST® Deposition development Deposition Planning Setup Instal
Slide 24: Atomera MSTcad™
Atomera MSTcad™ ► Leading semiconductor companies use TCAD to model manufacturing processes MSTcad is an add-on for MST ► MSTcad can speeds up the time needed to evaluate multiple MST integration options ► Lowers cost of MST evaluation ► Speeds time to successful wafer runs ► Fewer wafer runs lead
Slide 25: MST enables legacy capacity expansion
MST enables legacy capacity expansion ► MST provides 30% performance advantage 0.13u analog design MST vs control silicon ► Enables a die shrink of 15-20% ► Smaller die means more manufacturing capacity Without the cost of building a new fab Atomera Incorporated 25
Slide 26: MST 28nm benefits
MST 28nm benefits MST shows 30% ► Performance improvements due to MST can be higher performance traded for area reduction ► 28nm PDK SPICE model used to showcase: Logic scaling with MST shows 22-25% area reduction • Using a NAND2 gate Analog scaling with MST shows up to 21% area reduction ► Impl
Slide 27: MST for High-k metal gate (HKMG) transistors
MST for High-k metal gate (HKMG) transistors ► MST enhances HKMG transistor performance and reliability* Reduced stress induced leakage current (SILC) enabling reliability improvement 23% long-channel mobility enhancement 2.7x lower gate leakage SILC e- mobility JG vs. EOT * Professor Suman Da
Slide 28: Joint Development Agreements
Joint Development Agreements ► Advantages of joint development Atomera and customer engineers aligned on common goal Customer “resident expert” team develops expertise on Atomera technology Resident experts become natural advocates ► First JDA signed with market leading semiconductor company
Slide 29: MST: Mears Silicon Technology
MST: Mears Silicon Technology Quantum Engineered Silicon Partial Monolayers of MST Enhanced Oxygen in Silicon Transistors Supported by Major Semiconductor Tool Suppliers Atomera Incorporated 29
Slide 30: Atomera state of the art research center
Atomera state of the art research center ► Epi deposition facility 300mm Epi deposition 200mm Epi deposition Wafer cleaning equipment Metrology tools Advanced wafer handling World class clean room facility ► Available to deliver customer wafers Epi Deposition Tool Atomera Incorporated 30
Slide 31: Atomera MSTcad™ Progress
Atomera MSTcad™ Progress ► Leading semiconductor companies use TCAD ► MST is modelled with a TCAD add-on called MSTcad ► These plots show silicon verification of MSTcad simulations ► Enables good electrical match-up for 5V NMOS and MST SP ► Should speed time to successful results with customers Atom
Slide 32: Atomera Licensees
Atomera Licensees Large fabless RF semiconductor company Market Leading semiconductor company Atomera Incorporated 32
Slide 33: MST1 vs MST2
MST1 vs MST2 ► MST1 Blanket technology Easy to integrate Deposited at beginning of mfg process Degraded by high heat in STI/Well module Faster time to market for low heat processes Used for FinFET, RFSOI, newer process nodes ► MST2 Selective technology • Integrated after STI/Well so av
Slide 34: MST Matching Performance
MST Matching Performance ► Transistor mismatch is an industry problem ► Certain circuit designs benefit from mismatch reduction Better Matching A-D convertors SRAM Flash DRAM sense amplifiers ► MST can reduce mismatch by more than 50% ► Details available at Atomera’s website blog.atomera.c