Shares of Fabrinet (FN) are moving down about 4 percent on Tuesday morning trading following the announcement of its partnership with iPronics, a provider of programmable silicon photonics for AI datacenter networking.
The company's stock is currently trading at $491.61, down 4.14 percent or $21.21, over the previous close of $512.82 on the New York Stock Exchange. It has traded between $148.55 and $632.99 in the past one year.
Under the partnership, iPronics will establish a SiPh packaging and assembly manufacturing line for next generation AI optical circuit switches at Fabrinet
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.