POET Technologies Announced That Its JV Super Photonics Xiamen (SPX) Is Expanding Production Capacity To Support Anticipated Customer Demand For 2024 And Beyond
Portfolio Pulse from Benzinga Newsdesk
POET Technologies Inc. (NASDAQ:POET) has announced that its joint venture, Super Photonics Xiamen (SPX), is expanding production capacity to meet expected customer demand for 2024 and beyond. The company designs and develops the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center, telecommunication, and artificial intelligence markets.
October 05, 2023 | 11:39 am
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POET Technologies' joint venture is expanding production capacity, indicating a positive outlook for future demand. This could potentially lead to increased revenues and profitability for the company.
The expansion of production capacity by POET Technologies' joint venture, Super Photonics Xiamen, suggests that the company is anticipating increased demand for its products in the future. This could potentially lead to increased revenues and profitability for the company, which would likely have a positive impact on its stock price.
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