POET Technologies acquires SPX for $6.5m

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POET Technologies acquires full control of Chinese photonics firm SPX in a $6.5 million deal, finalising an equity transfer agreement. The acquisition strengthens POET’s operations in China and supports its ‘China Plus One’ strategy for expanding photonics hardware development. What happened: POET Technologies completes Google Pay merger POET Technologies has acquired its former joint venture partner, Super Photonics Integrated Circuit Xiamen Co (SPX), for $6.5 million. The deal gives POET full control of SPX’s operations, including its optical engine assembly facilities in China.

CEO Dr Suresh Venkatesan stated the acquisition enables POET to consolidate financials, streamline operations, and enhance its “China Plus One” strategy. The transaction was structured as an equity transfer from Quanzhou San’an Optical Communication Technology, POET’s prior partner in SPX, to be paid over five years starting in October 2025. The acquisition rebrands SPX as a POET subsidiary, with plans to merge it with POET Optoelectronics Shenzhen Co.

Also read: New Zealand reduces merchant service fees on card payments Also read: South Korean AI chip firms Rebellions and Sapeon announce merger Why it’s important This acquisition positions POET Technologies to expand its photonic hardware capabilities, which are crucial for high-speed data processing in AI, telecom, and data centres. Photonics, leveraging light for data transfer, is emerging as a disruptive alternative to traditional semiconductors. With SPX under its control, POET gains the capacity to address growing demand for optical engines that improve data rates and energy efficiency in hyperscale environments.

The strategic move also complements POET’s expansion into Malaysia, where it has partnered with GMSB for manufacturing. By consolidating its presence in Asia, POET strengthens its ability to compete in the photonics market, a sector predicted to be a cornerstone of future digital infrastructure.