The latest announcement is out from POET Technologies ( (TSE:PTK) ).
On April 2, 2025, POET Technologies announced a partnership with South Korea’s Lessengers to develop an 800G DR8 transceiver for AI and hyperscale data center markets. This collaboration combines POET’s optical engines with Lessengers’ Direct Optical Wiring technology, aiming to provide a cost-effective and efficient solution. The partnership is expected to enhance POET’s industry positioning by expanding its market reach and offering innovative optical solutions, potentially benefiting stakeholders by improving product offerings and operational capabilities.
More about POET Technologies
POET Technologies Inc. is a design and development company specializing in high-speed optical modules, optical engines, and light source products for artificial intelligence systems and hyperscale data centers. Their photonic integration solutions are based on the patented POET Optical Interposer platform, which integrates electronic and photonic devices into a single chip. POET’s products are known for being cost-effective, power-efficient, compact, and scalable, addressing challenges in AI systems, 5G networks, and autonomous vehicle sensing applications. The company is headquartered in Toronto, Canada, with operations in the United States, China, and Singapore.
YTD Price Performance: -40.52%
Average Trading Volume: 1,614,699
Technical Sentiment Signal: Buy
Current Market Cap: $297.4M
See more data about PTK stock on TipRanks’ Stock Analysis page.