Mentioned:
POET Technologies has just cut a new deal with a private company in Silicon Valley. And it could eventually be worth up to half a billion dollars.
What’s happening:
- POET Technologies (NASDAQ: POET) has landed a new $50M USD purchase order from Lumilens for Electrical-Optical Interposer based optical engines
By the numbers:
- The new deal with Lumilens has a potential total value of up to $500M USD over 5 years
Why it matters:
- POET Technologies’ new supply deal with Lumilens is part of a larger joint development partnership that is focused on advancing new wafer-level photonic integrations into artificial intelligence infrastructure
Going deeper:
- Lumilens is one of the most advanced private photonics companies in the United States focused on data centre infrastructure and has landed multiple notable venture capital investors including Mayfield, Spark Capital and Accton Technology Corporation
- POET Technologies has also granted Lumilens 22.9M warrants at a price of $8.25 USD per share as part of the new deal that will vest as Lumilens makes additional purchase orders
