07:44 AM EDT, 05/14/2024 (MT Newswires) -- POET Technologies Inc. ( POET ) said Tuesday that it is working with Foxconn Interconnect Technology for high-speed artificial intelligence systems.

The companies agreed to collaborate to develop 800G and 1.6T pluggable optical transceiver modules using the company's optical engines. POET will also develop and supply its silicon photonics integrated circuit optical engines, as well as design and supply high-speed pluggable optical transceivers for delivery.

Financial terms of the agreement were not disclosed.

Shares of the company gained more than 10% in premarket trading on Tuesday.

Price: 2.4100, Change: +0.23, Percent Change: +10.55