Market Herald logo

Subscribe

Be the first with the news that moves the market
  • POET Technologies (PTK) has entered the artificial intelligence market with a technology leader in photonic neural network systems
  • Through a new development and supply agreement for photonic AI computing, POET hopes to break into the potentially high-growth market
  • The company’s unnamed customer will integrate the photonics into accelerators for AI workloads
  • According to a press release, the chipset market for AI applications is projected to grow from approximately C$18 billion in 2020 to over $65 billion by 2025
  • POET Technologies is currently up 5.19 per cent to $0.81 per share

POET Technologies (PTK) has entered the artificial intelligence market with a technology leader in photonic neural network systems.

Through a new development and supply agreement, POET’s unnamed customer will integrate photonics into accelerators for AI workloads, thereby enabling step-change advancements in AI computation.

POET Technologies is a design and development company offering integration solutions based on the POET Optical Interposer.

The Optical Interposer is a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques and packaging methods.

The company said interposers have been used for several years to allow electronic devices (microprocessors, memory devices, etc.) to communicate with each other via high-speed metal traces embedded in a semiconductor wafer.

According to a press release, the chipset market for AI applications is projected to grow from approximately C$18 billion in 2020 to over $65 billion by 2025. POET’s new development and supply agreement for photonic AI computing represents an entry point into this high-growth market.

POET Technologies Chairman and CEO Suresh Venkatesan said photonics has been readied for optical computing as a result of over a decade of advancements in photonics design and fabrication driven by telecommunications and data communication.

“In addition to highlighting the tremendous adaptability of the POET Optical Interposer platform, this project is anticipated to result in revenue for POET this year in the form of NRE and potentially initial product sales,” Suresh added.

The company is headquartered in Toronto, with operations in the USA and Singapore.

POET Technologies is currently up 5.19 per cent to C$0.81 per share at 12:29pm EST.

More From The Market Herald
Featured Video Play Icon

" OpSens (TSX:OPS) announces first SavvyWire procedure in the U.S.

OpSens (OPS) is announcing the first SavvyWire procedure in the U.S.

" Galaxy Digital (TSX:GLXY) to launch inaugural NFT collection

Galaxy Digital (GLXY) will launch its first NFT project in collaboration with TIMEPieces.

" Railtown (CSE:RAIL) partners with Quisitive to empower software engineers

Railtown AI Technologies (RAIL) has signed a Service Provider License Agreement with Quisitive Technology Solutions.
Featured Video Play Icon

" Rapid Dose Therapeutics (CSE:DOSE) to supply leading gas and convenience store retailer

Rapid Dose (DOSE) has signed a supplier agreement with a leading gas and convenience store retailer.