11 Best Semiconductor Penny Stocks to Buy According to Hedge Funds

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6. Atomera Incorporated (NASDAQ:ATOM)

Share Price: $4.73

Number of Hedge Fund Holders: 12

Atomera Incorporated (NASDAQ:ATOM) is one of the best semiconductor penny stocks to buy according to hedge funds. On July 9, Atomera Incorporated (NASDAQ:ATOM) and Incize, a Belgian company that specializes in advanced semiconductor characterization and modeling, announced a strategic collaboration aimed at improving Gallium Nitride on Silicon (GaN-on-Si) technologies.

Traditional silicon is reaching its limits in some applications. GaN-on-Si is a scalable, cost-effective alternative that combines Gallium Nitride’s strong performance with silicon’s easy manufacturing.

By using Atomera Incorporated’s (NASDAQ:ATOM) Mears Silicon Technology (MST) and Incize’s advanced characterization, the companies aim to speed up the production of next-generation radio frequency (RF) and power devices.

This collaboration will focus on optimizing GaN-on-Si device performance for high-frequency and high-power applications. The companies will be looking to serve markets in wireless infrastructure like 5G and 6G, satellite communications, and advanced power electronics.

Atomera Incorporated (NASDAQ:ATOM) is a semiconductor materials and IP licensing company. The company’s Mears Silicon Technology (MST) improves transistor performance and efficiency by engineering materials at the atomic level.

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