POET Technologies Expands Manufacturing and Secures Investment
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POET Technologies has expanded its manufacturing capabilities by entering a manufacturing agreement with Globetronics in Malaysia to produce optical engines. The company also updated its acquisition of a minority stake in Super Photonics Xiamen and confirmed a fully subscribed $25 million public offering. These moves aim to enhance operational efficiency and support its 'China Plus One' strategy, strengthening its position in AI and telecommunications markets. POET Technologies specializes in high-speed optical modules and photonic integration solutions, with a current market cap of $404.2 million.
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