#United States #Smartkem #Manchester #AI Semiconductor #Jericho Energy

Smartkem and Jericho Energy Ventures Collaborate for AI Infrastructure

Smartkem, Inc., a notable entity in the organic semiconductor technology sphere, announced on October 7, 2025, that it has entered into a non-binding Letter of Intent (LOI) with Jericho Energy Ventures Inc. This collaboration aims towards constructing a U.S.-owned infrastructure firm that is specifically focused on artificial intelligence (AI). By combining Jericho's expertise in energy solutions with Smartkem's innovative semiconductor technology, the duo seeks to meet the escalating demand for advanced AI computing capabilities.

The Vision Behind the Partnership

Jericho Energy Ventures is recognized for establishing a sustainable energy platform that emphasizes low-cost domestic energy. This platform will seamlessly integrate with Smartkem’s patented semiconductor technology, thereby facilitating the development of efficient AI data centers. The Proposed Transaction envisions an all-stock combination aimed at transforming how energy and AI technology interact, thus positioning the U.S. as a leading force in AI infrastructure.

Ian Jenks, the Chairman and CEO of Smartkem, stated that this transaction places their innovative materials in the center of what may be the most significant technology advancement phase of our era, pointing to a bright future where advanced semiconductor applications reshape the landscape of AI data processing.

Driving Factors of the Proposed Transaction

This collaboration is not merely a merger of interests but rather a strategic union to harness the full potential of upcoming technological demand. Here are some core highlights of what the collaboration promises:

• - Enhanced AI Data Centers: Integrating Smartkem's technology to create energy-efficient data centers tailored for next-generation AI workloads.
• - Innovative Chip Packaging: The focus will be on advanced semiconductor packaging that minimizes energy usage while maximizing output, a must for the rapidly evolving AI landscape.
• - Optical Data Transmission: Low-power optical data transmission technology is expected to accompany this union, fostering swift interconnects that elevate overall performance.
• - Environmental Monitoring: Conformable sensors will be employed for continual environmental monitoring, ensuring operational resilience within the new infrastructure.

Leadership Perspectives

Both companies share a mutual understanding that this partnership will not only benefit their operations but will also align with larger market trends anticipating a surge in AI compute demand across the U.S.

Brian Williamson, CEO of Jericho Energy Ventures, explained that the partnership with Smartkem can help fulfill the growing requirements for power within the AI domain. By merging Smartkem's semiconductor innovations with Jericho’s capacity to provide effective energy solutions, the expectation is to usher in a new era of AI infrastructures that are faster, cleaner, and more resilient.

Future Directions and Goals

The collaboration is positioned to create a fully integrated platform that encompasses energy supply and AI data center construction. The partnership aims to capture high-growth market opportunities stemming from the rising demand for AI infrastructure in the U.S. It also highlights a vertically integrated strategy that encompasses R&D, manufacturing, and deployment phases under a solely U.S.-owned operation, ensuring full ownership and control over strategic technological innovations.

The transaction is structured such that, upon completion, Jericho stockholders will own a 65% stake, while Smartkem’s existing stockholders will retain a 35% share in the new entity. The two parties have initiated a 60-day exclusivity phase to negotiate further, with possibilities for high potential rewards lying ahead.

Moreover, both companies underscore their aspiration to advance major innovations that not only meet current consumer demands but also amplify long-term sustainability in the AI sector. With a diverse background and an innovative spirit, both Smartkem and Jericho Energy Ventures are poised to carve a niche as frontrunners in revolutionizing AI infrastructures through their collaboration.

For those interested in learning more about these pioneering companies, Smartkem and Jericho both maintain active online presences for further exploration of their technological endeavors and collaborative vision.