# POET and Sanan IC sign LOI to form $50 million joint venture

POET Technologies and Xiamen Sanan Integrated Circuit Co. Ltd. signed a Letter of Intent to establish a joint venture to manufacture optical engines based on POET's Optical Interposer platform. The JV will be formed with contributions of US$50 million.

- Type: Acquisition
- Announced: 2020-06-30
- Value: $50.0M
- Status: announced
- Products: optical engines, 100G optical engines, 200G optical engines, 400G optical engines
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Xiamen Sanan Integrated Circuit](https://endata.com/companies/45789.md) (partner)
- [POET Technologies](https://endata.com/companies/48202.md) (partner)

## Sources

- [poet-technologies.com](https://www.poet-technologies.com/news/2020-jun-30), 2020-06-30: "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 "

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.