“At NUVIA, the group’s goal is to take the lessons learned designing powerful chips for small, battery-powered devices such as iPhones and apply them to large, electricity hungry data center servers. The founders aim to make a chip that is faster, more power efficient and more secure than existing data center processors, Williams told Reuters.”

So, as Bottom already pointed out, they intend to design a processor. Very different business than POET’s and in no way competition. However, it might occur to them at some point in time that they would need something OIish in order to bring data faster to their processor resp. away from it.