Anion exchange membrane fuel cells (AEMFCs) have recently gained attention as a viable alternative to proton exchange membrane fuel cells (PEMFC), offering the potential for high output without relying on expensive platinum (Pt) catalysts. PEMFCs operate in an acidic environment characterized by a high concentration of H+, necessitating the use of platinum-based catalysts to ensure both performance and stability in such conditions. In contrast, AEMFCs operate in an alkaline environment (OH-), affording the use of high-performance catalysts like silver (Ag), which is sensitive to acidity. Moreover, the cost of Ag is approximately 1/50 of Pt, offering significant cost advantages for fuel cell commercialization. Atomic layer deposition (ALD) has garnered substantial attention as a valuable technique for crafting high-performance nano-catalysts. ALD's self-limiting nature, based on the sequential exposure of vaporized precursors and reactants, enables precise control over catalyst size and composition. In this study, we employed plasma-enhanced ALD (PEALD) to fabricate cutting-edge AEMFC cathodes comprised of carbon nanotubes (CNTs) adorned with Ag. This approach yielded impressive results, achieving an AEMFC output exceeding 300 mW cm-2 or more than 2 W mgAg -1 at 65 °C with a CNT cathode featuring an exceedingly low Ag loading of less than 0.15 mg cm-2. Notably, this represents the world's highest reported Ag-AEMFC performance to date. The Ag-decorated cathode created through ALD played a pivotal role in significantly reducing resistance in the polarization region, a major contributor to overall energy losses in AEMFCs. Additionally, when evaluating the durability of the Ag-decorated CNT anode in an alkaline environment, we observed excellent long-term stability. In this presentation, we will discuss a more detailed exploration of the relationship between AEMFC performance, featuring ALD-fabricated Ag-CNT catalysts, and the intricate catalyst structure.