POET Technologies purchase orders from Celestial AI canceled after confidentiality breach
Updated
Updated · GlobeNewswire · Apr 27
POET Technologies purchase orders from Celestial AI canceled after confidentiality breach
13 articles · Updated · GlobeNewswire · Apr 27
Marvell Semiconductor, which acquired Celestial AI, canceled all POET orders on April 23, 2026, citing POET's disclosure of confidential purchase and shipping information.
The breach, reportedly involving POET CFO Thomas Mika, led to a 48% drop in POET's share price to $7.93 and jeopardized a key revenue stream.
POET, which lost $63 million in 2025, now focuses on fulfilling other orders, including a recent $5 million deal, as industry confidence is shaken and future Marvell business remains uncertain.
After delaying bad news while its stock soared, can Poet's management ever regain investor trust?
Was the short-seller report right about Poet's fundamental problems all along?
With its key customer gone, can a new partnership with LITEON save Poet from collapse?
Is Poet's optical tech a true AI game-changer or just an overhyped stock promotion?
Did Marvell use the confidentiality breach as a convenient excuse to exit the deal?