POET Technologies and Xiamen Sanan to form Super Photonics.

POET Technologies, a fabless semiconductor technology development company, and Xiamen Sanan, a compound semiconductor company, agreed to form Super Photonics, a manufacturer of high-performance optical engines. Financial terms were not disclosed. “Super Photonics is both the culmination of a long path for POET and the beginning of a new phase in our growth and development as a company. We cannot overstate the importance of this moment and the depth of our commitment to making this joint venture a resounding success,” Suresh Venkatesan, POET Technologies Chairman and Chief Executive Officer.