Re: ZACKS Research Report POET Moves to Product Orders from NREs With its First AI Customer

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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macnai

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Re: ZACKS Research Report POET Moves to Product Orders from NREs With its First AI Customer

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Re: ZACKS Research Report POET Moves to Product Orders from NREs With its First AI Customer

54-40

posted on Aug 22, 2023 09:44PM

Looks like the joint venture would be in Singapore.

"POET is actively seeking a JV partner to independently finance this strategic initiative and reports that it has been successful in attracting several financial investors in Asia willing to invest large sums ($50+ million) into this effort. POET cites the decades-long interest and experience in hardware companies in Asia, company valuations that are 3X-5X compared to valuations in North America, and an existing ecosystem of upstream and downstream suppliers near to its location in Singapore that make such an investment attractive."

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