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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.
China Star Optoelectronics Technology (CSOT) and Xiamen Sanan Integrated Circuit (Sanan-IC) announced a joint venture to develop microLED materials, production processes, and equipment. The total investment is 300 million yuan (about $43 million), with CSOT holding 55%.