So far the parties have signed a non-binding letter of intent that outlines the basic terms and conditions related to the business model and the contributions of each of the parties, and is subject to definitive agreements.
The as yet unnamed joint venture is expected to design, develop, manufacture and sell 100G, 200G and 400G optical engines with customized lasers and photodiodes from Sanan IC combined with optical interposer platform technology from Poet. Poet did not indicate whether or not it would be a 50:50 joint venture.
Sanan IC is a compound semiconductor wafer foundry, serving the RF microelectronics, power electronics and optical markets. It is a subsidiary of Sanan Optoelectronics Co. Ltd., said to be the leading manufacturer of ultra-high brightness LED epitaxial wafers and chips in the world.
Sanan is providing cash and IP to the joint venture while Poet is providing IP and know-how, the companies said.
"Combining the advanced wafer foundry manufacturing platform capabilities of Sanan IC with the true wafer-scale and hybrid integration approach of the Poet optical interposer platform, we will be able to offer transceiver manufacturers the ability to span several generations of devices and unlimited scale for high-volume applications at a highly economical price," said Suresh Venkatesan, CEO of Poet Technologies, in a statement. "Sanan IC is the world's pre-eminent manufacturer of compound semiconductors, and we are excited to partner with them in delivering our next generation solutions."
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