08:28 AM EDT, 05/14/2024 (MT Newswires) -- POET Technologies ( POET ) said Tuesday that it agreed to collaborate with Foxconn Interconnect Technology (FIT) to develop 800G and 1.6T pluggable optical transceiver modules using POET's optical engines.

The company's share price jumped 8.3% to US$2.36 at last look in US pre-market trading.

The partnership aims to address growing demand from cutting-edge AI applications and high-speed data center networks, POET said.

As part of the collaboration, POET said it will develop and supply its silicon photonics integrated circuit optical engines based on the patented POET Optical Interposer technology and FIT.

POET expects to complete the design of the optical engines for FIT by the third quarter and start optical engine production at its joint venture, Super Photonics Xiamen, by the fourth quarter.