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Form 8-K · Current Report · Filed 2024-12-31

Applied Optoelectronics Enters into Construction Contract with Chyi Ding Technologies

Applied Optoelectronics, Inc. announced on December 26, 2024, that its subsidiary Prime World International Holdings Ltd. has entered into a Construction Contract with Chyi Ding Technologies Co., Ltd. The contract involves the construction of a new manufacturing facility, with Prime World agreeing to pay Chyi Ding Technologies a fixed price of 277,000,000 NTD for cleanroom construction and renovation work. The construction is set to begin in December 2024 with a targeted completion date of April 20, 2025. There will be penalties for delays in completion.

Filer
Applied Optoelectronics Inc. AAOI · NASDAQ
Filed
Accession
0001683168-24-009068
CIK
0001158114
Signal
Medium impactTechnology

Items reported

Item 1.01

Entry into a Material Definitive Agreement

New Major Contract
Item 2.03

Creation of a Direct Financial Obligation

Credit Facility Entered
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$36.24

Next session

-1.8%

Since filing

+160.3%

Latest close

$94.32

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from AAOI reporting the same item, with the next session's move:

Exhibits (1)

About Applied Optoelectronics Inc.

Applied Optoelectronics Inc. is a prominent developer and manufacturer of optical communications products. The primary function of the company is to supply advanced optical components, modules, and equipment that are essential for high-speed communication networks. Applied Optoelectronics serves several key industries, including internet data centers, broadband service providers, and telecommunications. Their product offerings are critical in supporting increased data transmission rates demanded by these sectors. Noteworthy features of this company include its focus on vertically integrated manufacturing processes, which allow for greater control over production quality and cost. It extensively employs its semiconductor technology to produce lasers, detectors, and transceiver modules. This integration is vital for delivering cost-effective and reliable solutions that are foundational to the infrastructure of modern data communication systems. In the financial market, Applied Optoelectronics Inc. holds a significant role due to its contribution to the increasing demand for fast and efficient data services. As technology continues to advance and data consumption grows, the products offered by Applied Optoelectronics are essential for supporting global communication networks, thereby underscoring its importance in the optical networking industry.

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