Potential Growth in $SMKT Bad Earnings but Great Vision?A quote from the Smartkem Chairman and CEO, Ian Jenks, commented:
"During the third quarter of 2024, we continued to gain traction in our drive to commercialize our proprietary semiconductor materials, which enable flexible, transparent and lightweight microLED displays. In September, we entered into a joint development agreement with Chip Foundation to develop microLED-based backlight technology for LCDs, further expanding our ongoing collaborations with leading display manufacturers. In addition, ITRI has requested Smartkem apply our innovations to develop packaging solutions for advanced computer and AI chips.
"Together with our developmental partners, our printable semiconductor inks have the potential to solve a number of microLED display manufacturing challenges using flexible plastic substrates and low temperature processes. We believe our organic transistor technology has the potential to catalyze the microLED display industry, which is expected to grow from $150 million in revenue in 2024 to over $4 billion by 2031( )
With this Kind of news and the era of Green solution based technologies on the rise as well as A.I, we could see alot of computer get weeded out if they haven't already tried to make the adaptation, with what ever tax implications and future laws making the old way of technology being made being implemented we could see a large increase in consumer prices, keep and eye out lets see if this stock reverses, if a company acquisition happens or expansion with a new interjection of cash to rapidly provide these products at a more affordable rate we could see a massive move to the upside when the FOMO hits institutional spenders.
