EG Industries Unit Signs $100 Million Deal for CPO Open Networking Switches

MT Newswires Live

Jul 16

EG Industries (KLSE:EG) subsidiary, Genetronic (Malaysia), signed a letter of intent with a U.S.-based firm to manufacture and sell high-performance open networking switches that use co-packaged optics technology (CPO), according to a Wednesday filing with the Malaysian bourse.

Shares of the Malaysian company rose nearly 2% in Thursday's midday trade.

The partnership, which is expected to generate $100 million in revenue, follows EG Industries' $241.6 million purchase order for advanced 800G optical modules and wireless broadband products.

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