POET Technologies Acquires Super Photonics Xiamen
December 31, 2024
POET Technologies completed the acquisition of the remaining 24.8% equity in Super Photonics Xiamen (SPX) from Quanzhou San'an (Sanan) for US$6.5 million (payable over five years) and purchased SPX's production equipment for US$3.8 million. The deal gives POET 100% ownership of SPX, strengthens its ‘China Plus One’ manufacturing footprint and expands production capacity for 800G+ optical engines serving AI and hyperscale data center markets.
- Buyers
- POET Technologies Inc.
- Targets
- Super Photonics Integrated Circuit Xiamen Co., Ltd. (SPX)
- Sellers
- Quanzhou San'an Optical Communication Technology Co., Ltd. (Sanan)
- Industry
- Manufacturing
- Location
- Fujian, China
- Transaction Type
- Buyout
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