$13.5 billion market cap. $100 billion plus yuan. I made the same miscalc.
Still this is huge. Really huge. It is validation at a commercial production level, Sanan is a very high volume manufacturer putting $50 million into this. The company will be known as Super Photonics and will dominate 400g in China and likely to displace 100/200g legacy transceiver business after that inventory gets wiped out.
POET holds rights to 400g outside of China, and all other applications as of now.