Wow:

Based on the number of Ethernet ports shipped and optical transceiver modules sold, the Total Available Market (TAM) for 100G/200G/400G optical transceivers is estimated by the Company to be about $2.5 billion this year, growing to about $7 billion in 2025. The JV’s Serviceable Available Market (SAM) is estimated to be 50% of TAM, or $1.5 billion in 2020 and $3.5 billion in 2025. Both the TAM and the SAM are growing at approximately 20% on a compounded basis.

And another “wow”:

POET believes that the revenue potential of the JV is in the range of $200 - $250 million or more annually, which is achievable within five years of formation. The Company has built its forecast for the JV based on its estimate that the Optical Engine will be priced from 25% to 50% of the price of a full optical transceiver module, depending on the speed, format, components and time of sale.