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SAN JOSE, Calif. and KISTA, Sweden - POET Technologies Inc. (NASDAQ:POET), a technology company with a market capitalization of $523 million and impressive 47% stock gain over the past six months, and Sivers Semiconductors AB (STO:SIVE) announced Monday a strategic collaboration to develop External Light Source (ELS) modules for Co-Packaged Optics and AI infrastructure applications. According to InvestingPro data, POET maintains a strong financial position with more cash than debt on its balance sheet.
The partnership will combine Sivers’ high-power distributed feedback laser technology with POET’s Optical Interposer platform to create integrated solutions targeting the growing demands of AI clusters and hyperscale data centers. With analysts projecting 33.5% revenue growth for POET in the current fiscal year, the company appears well-positioned to capitalize on this market opportunity.
"We see a highly complementary fit between our high-performance DFB lasers and POET’s innovative optical interposer platform," said Vickram Vathulya, CEO of Sivers Semiconductors.
The jointly developed modules will utilize wafer-level manufacturing and chip-scale photonic integration to address challenges in both scale out and scale up deployments, focusing on cost, scale and form factor improvements.
Dr. Suresh Venkatesan, Executive Chairman & CEO of POET Technologies, noted that the collaboration with Sivers’ laser technology will enable the delivery of "external light source modules optimized for size, performance and cost."
According to Tim Savageaux, Senior Analyst at Northland Capital Markets, the collaboration targets "an estimated $1B+ annual ELS market opportunity."
The companies expect to demonstrate early prototypes to customers in the first half of 2026, with production readiness anticipated by the end of that year.
The announcement was made in a press release issued by the companies. For deeper insights into POET’s financial health and growth prospects, including 8 additional exclusive ProTips and comprehensive valuation metrics, visit InvestingPro.
In other recent news, POET Technologies Inc. announced its intention to raise $25 million through a non-brokered public offering, selling 5 million units at $5.00 per unit. Each unit will include a common share and a purchase warrant, allowing the purchase of an additional share at C$8.16 over five years. The company also revealed plans to voluntarily delist its common shares from the TSX Venture Exchange, effective on or about August 27, 2025, while maintaining its listing on the Nasdaq Capital Market. Additionally, POET Technologies has appointed Sohail Khan to its board of directors, bringing extensive experience from his previous roles in various technology firms. The company is set to showcase its latest optical innovations, including the POET Blazar and POET Teralight, at the 2025 China International Optoelectronic Expo. These products target AI networks and data centers, addressing bandwidth challenges and high-volume transceiver demands. These developments highlight POET Technologies’ strategic moves in the optical solutions market.
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