POET Technologies ( (TSE:PTK) ) has provided an announcement.
POET Technologies has partnered with South Korea’s Lessengers to develop an 800G DR8 transceiver for AI and hyperscale data center applications. This collaboration combines POET’s optical engines with Lessengers’ Direct Optical Wiring technology, aiming to provide a cost-effective solution. The partnership highlights the companies’ commitment to innovation in optical technology, potentially enhancing POET’s market position and offering stakeholders improved efficiency and cost savings.
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 products are based on the patented POET Optical Interposer platform, which integrates electronic and photonic devices into a single chip, offering cost-effective, power-efficient, and scalable solutions. POET’s technology addresses challenges in AI systems, 5G networks, and autonomous vehicle sensing applications.
YTD Price Performance: -37.44%
Average Trading Volume: 1,566,562
Technical Sentiment Signal: Buy
Current Market Cap: $285.8M
See more insights into PTK stock on TipRanks’ Stock Analysis page.