- POET Technologies (TSXV:PTK) has signed an agreement with Mitsubishi Electric to co-develop integrated optical engine chipsets for 3.2T pluggable transceivers
- The partners intend to finalize product development by early 2025, followed by demonstrations with major customers in the first half of the year
- POET Technologies develops optical engines, light source products and custom optical modules enabling high-speed communication in the AI and data centre markets
- POET Technologies stock has given back 0.68 per cent year-over-year, but has gained 40 per cent since 2019
POET Technologies (TSXV:PTK) has signed an agreement with Mitsubishi Electric to co-develop integrated optical engine chipsets for 3.2T pluggable transceivers.
According to Thursday’s news release, transceivers are highly sought after for optical connectivity in the artificial intelligence networking market. LightCounting estimates that the global optical transceiver market for 800G and 1.6T will post a compound annual growth rate of 33 per cent from US$2.5 billion in 2024 to US$10.5 billion by 2029.
POET and its high-profile partner – which recorded revenue of U.S.$34.8 billion in its last fiscal year – will now focus on integrating the latter’s 400G electro-absorption modulator integrated lasers (EMLs) with the former’s optical interposer technology to produce the optical engine chipsets by early 2025. Demonstrations for major customers will follow in the first half of that year.
Leadership insights
“Mitsubishi Electric is committed to ensuring we give our customers the technological advantage to maintain their positions as industry leaders in their own sectors. We believe POET’s optical engines will open the possibility of creating new products where electronics photonics convergence is successfully achieved at an advanced level of integration between InP and Si-based interposers, which take us and our valued customers into the next generation of data networking for AI and hyperscale data centres,” Yasuhiro Yamauchi, general manager of the optical device department at Mitsubishi Electric, said in a statement. “This promises to be a momentous technological achievement when it is unveiled.”
“The AI and datacom networks need a pluggable transceiver solution for 3.2T and POET’s optical interposer is one of the few technologies that can achieve that performance. When our Mitsubishi Electric colleagues understood the full functionality of the optical interposer and its potential to optimize the performance of their leading-edge lasers, they knew that we offered the right solution for their needs,” added Suresh Venkatesan, POET Technologies’ chairman and chief executive officer. “It’s further validation that what we have worked so hard to achieve over these past five years is coming true. POET’s products are steadily being adopted by the industry, and we expect demand to accelerate as our customers gain further understanding of the power efficiency and cost savings that we offer to them and their customers.”
About POET Technologies
POET develops optical engines, light source products and custom optical modules enabling high-speed communication in the AI and data centre markets.
POET Technologies stock (TSXV:PTK) opened with a gain of 6.01 per cent, trading at C$4.41 per share. The stock has given back 0.68 per cent year-over-year, but has gained 40 per cent since 2019.
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(Top photo of POET Technologies’ 800G 2xFR4 pluggable transceiver: POET Technologies)
