Shares of Lightwave Logic (NASDAQ:LWLG) jumped as much as 30% in premarket trading on Thursday after the company announced a development agreement with Tower Semiconductor focused on advancing high-speed optical modulator technology.
Under the partnership, Tower and Lightwave Logic will work together to integrate Lightwave Logic’s compact, energy-efficient modulator reference designs—targeting bandwidths of 110GHz and higher—into Tower’s PH18 silicon photonics process design kit, the company said in a statement.
The collaboration is expected to give customers the opportunity to take part in upcoming engineering tapeouts scheduled for 2026, allowing early testing and validation of modulator-based designs built on the PH18 platform.