POET Technologies Inc. (POET)
POET Technologies Inc. operates in the Semiconductors industry of the Technology sector, headquartered in Toronto, ON, CA. The stock last traded at $8.91, up 3.73% on the session, giving a market capitalisation of $1.18B. On trailing twelve-month figures it carries a trailing P/E of -10.44, a net margin of -5784.6%. Its beta of 0.82 implies it has historically moved less than the broad market.
POET Technologies Inc., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products and services for commercial applications in the United States, Canada, Singapore, and China. The company offers photonic integrated packaging solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices onto a single chip using advanced wafer-level semiconductor manufacturing techniques. It also designs and develops photonic integrated circuits and optical engines based on the POET Optical Interposer platform. The company serves the data center; tele-communications; 5G interconnect markets, such as PON and GPON, and edge computing for machine-to-machine communications; and sensing markets, including LIDAR, Optical Coherence Tomography for medical devices, and virtual reality systems, as well as light source markets. The company has a strategic collaboration with Lite-On Technology Corporation to develop optical modules for AI applications. POET Technologies Inc. was formerly known as Opel Technologies Inc. and changed its name to POET Technologies Inc. in June 2013. POET Technologies Inc. was incorporated in 1972 and is headquartered in Toronto, Canada.
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