Lightwave Logic shares saw a remarkable increase of up to 30% in premarket trading on Thursday, following the announcement of a strategic development agreement with Tower Semiconductor aimed at advancing high-speed optical modulators.
As per the details outlined in a company statement, the collaboration will focus on integrating Lightwave Logic’s compact and power-efficient modulator reference designs. These designs are set to target bandwidths of 110GHz and beyond, enhancing the capabilities in optical communication.
The partnership will leverage Tower’s PH18 silicon photonics process design kit, a crucial component for the forthcoming developments in the field. This agreement not only aims to innovate but also provides customers with the unique opportunity to engage in upcoming engineering tapeouts projected for 2026. Such involvement will allow for early validation of modulator-based designs on the PH18 platform, fostering an environment of collaboration and innovation.
For stakeholders and investors, this development presents a noteworthy moment to observe the potential impacts on market dynamics and technological advancements in optical communications.