AI Chip Energy Efficiency: Hoth Therapeutics Restructures as Rocket One Inc. to Enter the AI Semiconductor Infrastructure Market with Acquisition of Exclusive Rights to Next Generation AI Semiconductor Acceleration Technology Built on Non-Volatile Nanomagnetic Semiconductor Architecture
AI Chip Energy Efficiency: Hoth Therapeutics Restructures as Rocket One Inc. to Enter the AI Semiconductor Infrastructure Market with Acquisition of Exclusive Rights to Next Generation AI Semiconductor Acceleration Technology Built on Non-Volatile Nanomagnetic Semiconductor Architecture |
| [19-May-2026] |
Company Targets Power Demands of AI Data Centers Through Patented Nanomagnetic Semiconductor and Spintronic Computing Technologies for AI, Defense, and Space Applications HOBOKEN, N.J., May 19, 2026 /PRNewswire/ -- (NASDAQ: HOTH) ("Hoth" or the "Company") today announced that it intends to change its name to Rocket One, Inc. ("Rocket One"), and to restructure its business to position the Company, through its recently formed wholly-owned subsidiary, to pursue opportunities in artificial intelligence infrastructure, next-generation semiconductor technologies, and ultra-low-power AI computing.
Under its soon to be newly rebranded name, Rocket One, Inc., and the newly obtained licenses, the Company will enter the expanding AI semiconductor market, with exclusive rights to AI Semiconductor Acceleration Technology Built on Non-Volatile Nanomagnetic Semiconductor Architecture and to spintronic computing technologies developed at Virginia Commonwealth University ("VCU") targeting one of the largest challenges facing artificial intelligence today: power consumption and computing efficiency. The Company intends to continue its biotechnology programs and is exploring placing its biotechnology assets in a separate, wholly owned subsidiary. The refocusing of the business was unanimously approved by the Company's Board of Directors. Additional details regarding the licenses and proposed business will be included in a Current Report on Form 8-K that will be filed timely with the Securities and Exchange Commission. AI Infrastructure Is Reaching a Breaking Point Artificial intelligence has become the defining workload of modern computing, driving an unprecedented global buildout of AI data centers, autonomous systems, edge AI infrastructure, and high-performance computing environments. But the AI industry is increasingly constrained by:
As demand for large language models, generative AI, and autonomous systems accelerates globally, the world's largest technology companies are actively searching for next-generation semiconductor architectures capable of delivering dramatically improved efficiency beyond conventional silicon approaches. The Company believes solving these infrastructure constraints represents one of the most significant opportunities in the future of artificial intelligence. Exclusive AI Semiconductor and Spintronic Computing Portfolio Rocket One has secured exclusive rights to what it believes are two complementary spintronic semiconductor technologies. And The Company secured exclusive rights to Matrix multiplication is the foundational operation underlying virtually all modern AI workloads, including transformer architectures powering large language models and generative artificial intelligence systems. The licensed architecture is designed to support:
The second technology utilizes electron spin rather than conventional charge-based semiconductor approaches and is intended to address growing energy efficiency constraints in AI computing infrastructure. Spintronic Memory Platform — Defense, Autonomous Systems, and Space Computing Rocket One secured exclusive rights to spintronic memory technologies designed for advanced computing and information processing applications with potential relevance to:
The Company believes the same underlying spintronic physics supporting AI acceleration may also provide long-term opportunities across defense and space-based computing infrastructure markets. Building an AI Infrastructure Platform The Company intends to pursue a capital-efficient growth strategy focused on:
The Company also plans to expand leadership with expertise spanning:
Management Commentary "Artificial intelligence is rapidly transforming every major industry, but the infrastructure powering AI is approaching critical energy and efficiency limits," said Robb Knie, Chief Executive Officer. Biotechnology Operations Continue Under Subsidiary Structure The Company 's is exploring placing its biotechnology pipeline and therapeutic development programs under a separate, wholly owned subsidiary with dedicated management and operational resources. The restructuring is intended to preserve the value of the biotechnology portfolio for shareholders while enabling the parent company to pursue emerging opportunities in AI semiconductor infrastructure and advanced computing technologies. About Rocket One, Inc. Forward-Looking Statements Additional risk factors are described in the Company's filings with the Securities and Exchange Commission, including the Form 8-K filed concurrently with this press release and the Company's most recent Annual Report on Form 10-K and subsequent quarterly reports. Forward-looking statements speak only as of the date of this press release, and the Company undertakes no obligation to update such statements except as required by law. Investor Contact:
SOURCE Hoth Therapeutics, Inc. | ||
Company Codes: NASDAQ-NMS:HOTH,NASDAQ:HOTH |
View original content to download multimedia:
