POET Technologies Inc. (NASDAQ: POET) has witnessed a significant rally in its stock prices, which began late last week. As of the most recent reports, POET’s shares rose by 13.38%, trading at $3.56 on US stock exchanges. This surge is attributed to a pivotal collaboration agreement with Mitsubishi Electric Corporation.
POET To Jointly Develop Optical Engine Chipsets
POET Technologies entered into a partnership with Mitsubishi Electric to co-develop integrated optical engine chipsets, specifically designed for 3.2T pluggable transceivers. These transceivers are increasingly in demand within the burgeoning artificial intelligence networking sector. The collaboration entails joint product demonstrations aimed at major customers, highlighting the strategic alignment between the two companies.
Technological Advancements
Mitsubishi Electric is committed to providing technological advantages that reinforce its customers’ competitive edge within their respective industries. Through this partnership, POET’s optical engines will facilitate the development of innovative products that achieve a sophisticated integration of indium phosphide (InP) and silicon-based interposer technologies. This advancement is poised to propel the evolution of data networking, particularly for AI applications and hyperscale data centers.
Projected Outcomes and Market Implications
Mitsubishi Electric will contribute its advanced 400G Electro-absorption Modulator integrated Lasers (EMLs) to this initiative. Leveraging its optical interposer platform technology, POET will integrate these EMLs with drivers, optical waveguides, and other critical components to create 1.6T and 3.2T optical engine chipsets.
The demand for a pluggable transceiver solution capable of supporting 3.2T speeds is on the rise, and POET’s optical interposer represents one of the few technologies capable of delivering such performance. Both companies anticipate completing the 1.6T and 3.2T optical engine chipsets by early 2025, with plans to showcase their innovations in the first half of that year.
This collaboration marks a significant step forward for POET Technologies as its products gain traction in the industry, reinforcing the company’s commitment to enhancing power efficiency and cost savings for its clientele.
