WHY NG
It's not that other companies cannot do it, but only a limited number of manufacturers currently meet POET's technical and production requirements. NationGate happens to be one of them.
*1. POET was not looking for just another contract manufacturer*
POET is not simply outsourcing production. Instead, it is partnering with a company that can jointly develop and manufacture its optical products at scale.
NationGate's responsibilities include:
-Optical Engine Assembly
-Fiber Attach Unit (FAU) assembly
-Precision optical alignment
-Optical testing
-Final AI optical module integration and manufacturing
These processes require specialized expertise and cannot be performed by a typical EMS manufacturer.
*2. NationGate already has experience in AI server manufacturing*
NationGate's competitive advantage goes beyond PCB assembly.
The company already has capabilities in:
-NVIDIA AI server manufacturing
-GPU server assembly
-High-end electronics manufacturing
-Cleanroom production
-High-precision SMT
-Burn-in testing
-Advanced manufacturing processes related to optical modules
POET's management has also highlighted Malaysia's mature semiconductor ecosystem and skilled workforce as key reasons for selecting the country for production expansion.
*3. Malaysia is building a complete photonics ecosystem*
POET's manufacturing strategy in Malaysia currently looks like this:
SilTerra → Wafer fabrication
Globetronics → Optical Engine manufacturing
NationGate → Final Optical Module Assembly
This means NationGate is not working alone. It is part of a larger Malaysian photonics supply chain that POET is developing.
POET itself refers to this as its Malaysia-centered ecosystem.
*4. Why not choose another EMS company*
Technically, POET could have partnered with other manufacturers such as:
-VS Industry
-UWC
-Pentamaster
-Jabil
-Flex
-Venture
However, AI optical modules are very different from ordinary electronic products.
Manufacturing them requires expertise in:
-Micron-level optical alignment
-Optical coupling
-Laser packaging
-Fiber attachment
-Optical testing
-High-yield precision manufacturing
Even large EMS companies may not possess all of these capabilities, and building them could take years.
*5. NationGate also offers another important advantage*
NationGate already serves customers in the AI industry.
One sentence from POET's announcement is particularly noteworthy:
"Manufactured specifically for one of POET's key customers."
This suggests that POET already has a customer for these products, while NationGate will be responsible for manufacturing them.
POET also indicated that the products are intended for hyperscale data center applications.
Although the customer has not been publicly identified, market speculation points to a major AI or cloud computing company. However, there has been no official confirmation, so it should not be assumed to be NVIDIA, Microsoft, or any other specific company.
*6. Why is this important for NationGate?*
If POET successfully commercializes its:
-800G optical modules
-1.6T optical modules
-Future 3.2T optical modules
and enters high-volume production,
NationGate will not earn revenue from designing the optical chips themselves.
Instead, it will generate manufacturing revenue from:
-Optical module assembly
-FAU assembly
-Optical testing
-Final system integration
As demand for AI optical modules increases, NationGate's manufacturing business could also expand accordingly.
*7.Conclusion*
Many investors ask:
"If POET does not manufacture its own products, why choose NationGate?"
The answer is becoming increasingly clear.
POET's core strength lies in its optical technology platform and product design, not in operating manufacturing facilities.
Its business model is similar to NVIDIA designing chips while TSMC manufactures them. POET focuses on innovation and intellectual property, while trusted manufacturing partners such as Globetronics and NationGate handle production.
If POET's 800G and 1.6T products achieve large-scale commercial adoption, NationGate could evolve from being primarily an AI server manufacturer into an important participant in the AI optical module supply chain.
This is why investors are paying close attention to the partnership.
Ultimately, however, the real catalyst will not be the partnership announcement itself, but whether it leads to mass production orders, purchase orders (POs), and meaningful revenue growth in the future.
*8.Disclaimer*
NO WARRANTY, NO GUARANTEE, JUST A CUT AND PASTE

There will be few critical thing. First to see is this coming quarter will the optical business turn into mass production and how much it’s bring back the revenue. Lastly, who’s the key customer in behind. Then I believe market will re-evaluate NG value.

Hope the optical transceiver/photonic are in good track, then august time can see some result on the report.

Yup Q3 will know the result. This coming August quarter report.

See whether investor is looking for short term cash out or future orders, future earnings and future market position. Projected earnings of 3 years down the line rather than current profit. This is what I am seeing from now.

But even it good. It’s no help because this is share market. People will just seen the cash out opportunity rather then see the company future especially bursa.

Erm.. I just see it performance. Hope those fund manager can see it too. I seen it prepare for transition from EMS into high tech value position such as photonics. I buying it future, hope it won’t disappointed me. Being apprentice there before, their management very good in position and planning, and always one step before. Hope current management team still the same.

新设施预计将于 2026年第三季度 投入运营

NationGate（新光）建设光子设施，对其营业额的长期提升有极其显著的帮助。 该技术在AI和数据中心产业链中处于绝对的核心地位，因其对制造工艺和封装有着极高的要求，导致马来西亚绝大多数传统代工厂目前无法企及。有关该技术的优势和行业壁垒，具体分析如下：

一、 会帮助提升营业额吗？答案是肯定的，且属于“高利润、高复合增长”的长期推动力。拉动高价值订单： 传统的电子代工（EMS）净利润率普遍只有 5% 左右。而光子学业务（如 800G 和 1.6T 光模块、光引擎封装）属于高壁垒、高价值量的产品。深度绑定 AI 巨头供应链： AI 算力中心除了需要 Nvidia 的 GPU 服务器外，最核心的瓶颈就在于“数据传输速度”。NationGate 通过与 POET Technologies 等顶尖光电芯片设计公司合作，直接切入了下一代 AI 集群和超大规模数据中心的刚需供应链。这一高技术附加值的业务，将成为其继 AI 服务器组装（Data Computing）之后的又一业绩火车头。

二、 这个技术这么厉害？是的，它解决了目前 AI 和数据中心最大的痛点——“算力够快，但铜线传输太慢”。打破物理极限（光进铜退）： 传统的电子设备依赖铜导线传输信号，但在 AI 所需的超高速率（如 800G、1.6T）下，铜线不仅发热严重，信号损耗也极大。光子技术通过光学互连（Optical Interconnect），改用“光信号”在芯片和服务器之间传数据，速度提升数倍，功耗和延迟却大幅降低。高难度的光电协同封装（CPO/硅光技术）： 厉害之处不在于芯片本身，而是在于封装和组装（Advanced Packaging）。要把极其微小的激光器、光电探测器和传统的电子芯片（硅片）精准对齐，并集成在同一个微小的模块或芯片上（误差通常在纳米级），这需要极其昂贵且精密的实验室设备与自动化智能产线。

三、 马来西亚别的代工做不到嘛？目前绝大多数大马 EMS 厂确实做不到，NationGate 具备显著的“先发优势”（First-mover Advantage）。马来西亚作为全球半导体后段封测（OSAT）和电子制造（EMS）重镇，代工厂通常分为两类，但它们在光子学领域各存在不同的技术或定位壁垒：传统 EMS 大厂（如 ATA IMS、VS Industry 等）：主要以消费电子、家用电器或传统工业控制板的组装（SMT）为主。这类工厂缺乏高精密光学元件的处理能力、缺乏无尘室环境，且没有高频光学测试设备的投资和技术积累。具备半导体封测能力的同行（如 Inari Amertron、Globetronics 等）：Globetronics 也进入了光子领域（同样与 POET 合作），但它们偏向更前段的半导体晶圆级/芯片级封装。NationGate 的独特优势在于，它不仅能做高精密的光模块（Transceiver）和光引擎组装，它本身还拥有庞大的 AI 服务器 OEM 制造能力。这种“服务器 + 光模块”的垂直整合能力，能够提供一站式（One-Stop）AI 数据中心解决方案，这是大马其他单一封测厂或传统 EMS 厂难以复制的体系。

要提前买他的未来，就见仁见智。

I won’t denied previously EPF really a very strong support once they in any counter. But this few year, they are more on short term strategic. Won’t say it wrong or correct, but it will bring another new trend which encourage for short term investment. Not so healthy for a growth company.