POET Expands Capacity to Meet AI Infrastructure Demand
POET Technologies Inc. (POET)
Company Research
Source: GlobeNewswire
TORONTO, Nov. 25, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today announced its intention to expand its optical engine production capacity in Malaysia. The Company also announced that it has signed a binding Memorandum of Understanding (MOU) with Quanzhou Sanan Optical Communication Technology Co., Ltd. (“SAIC”) to transfer to POET its 24.8% stake in the joint venture Super Photonics Xiamen (“SPX”), along with all the production equipment previously leased by SAIC to SPX. With control of SPX, POET now has the flexibility to implement its “China Plus One” strategy to locate its wafer-scale assembly operations outside of China. Concurrently, the Company has been negotiating with several contract manufacturers in Malaysia to be
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News
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- POET Technologies Announces US$25 Million Offering Priced at a Premium to MarketGlobeNewswire
- POET Technologies Inc. (POET) Among the Best AI Stocks to Buy According to Reddit [Yahoo! Finance]Yahoo! Finance
- POET Technologies Announces Appointment of New Director [Canadian Business Journal (Canada)]Canadian Business Journal
POET
Earnings
- 11/14/24 - Miss
POET
Sec Filings
- 12/12/24 - Form 6-K
- 12/6/24 - Form 6-K
- 12/4/24 - Form 6-K
- POET's page on the SEC website