Interesting theory Shash!

One of my first thoughts when the Sanan JV was announced, how the heck does Denselight fit into all of this.  Sanan IC is a supersized version of Denselight, all the capabilities and more, plus incredible capacity, probably even more than the planned DL facility in China.  From Poet's perspective, hard to imagine they would still need the greenfield facility unless there's still some unique capabilities maintained within Denselight that feed into into Sanan as part of the supply chain.  If this is the case, DL Singapore is a potential production bottleneck until the greenfield facility is built; hardly the ideal situation, and certainly something the company will have addressed already.

Of course, 100% speculation.  Looking forward to see how this plays out!