POET Technologies (POET) announced its intention to expand its optical engine production capacity in Malaysia. The Company also announced that it has signed a binding Memorandum of Understanding, MOU, with Quanzhou Sanan Optical Communication Technology, SAIC, to transfer to POET its 24.8% stake in the joint venture Super Photonics Xiamen, along with all the production equipment previously leased by SAIC to SPX. With control of SPX, POET now has the flexibility to implement its “China Plus One” strategy to locate its wafer-scale assembly operations outside of China.
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