.
MergerLinks Header Logo

Announced

POET Technologies and Xiamen Sanan to form Super Photonics.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Friendly

China

Pending

optical engines

Majority

Joint Venture

Private

Electronic Components and Equipment

Cross Border

Synopsis

Edit

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.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US