Sanctions?Everything is fine and dandy, no mention of Sanctions. Anyways, if sanctions get in the way you make the gadgets elsewhere, simple enough. So, no. Its just Poet misusing words as soon, customers and production ready. When nobody knows what these words mean. Its Poet and Poet alone to blame!!!
"I want our shareholders to know that, from a business perspective, Poet believes it is on track to commercialize our technology and products with initial production expected to commence this year and continuing into 2024, and we are working diligently to speed up customer acquisition and sales," said Dr. Suresh Venkatesan, chairman and chief executive officer of Poet. "Our existing customers are finally completing their module designs for sampling and sale to their end customers, which include hyperscale data centres, network system operators and telecom companies, primarily in China. We have refocused and accelerated our efforts on the highest-speed engines designed for 800G and 1.6T pluggable modules, which we plan to introduce to the market in 2024. 800G and 1.6T modules are gaining increasing market appeal as specialized data centres running AI software applications, such as ChatGPT, continue to drive the need for ever more and ever-increasing transmission speeds.