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Plasmonics is the study of the interaction between light and free electrons inside metals to form waves called plasmons on the surface of these materials. There is a great deal of interest in plasmons because they can carry information at high speed across computer chips, act as sensors because they are highly sensitive to the properties of the materials they travel across and might even be useful for high resolution lithography because of their extremely small wavelength.

Image: http://www.technologyreview.com/