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3M invests in Genius Electronic Optical to boost next-gen optical tech for data centers

Market News
19 Oct 2026
PRNewsWire
View Source
Bullish
3M invests in Genius Electronic Optical to boost next-gen optical tech for data centers

3M announced a strategic collaboration and investment to acquire about 4.7% of Genius Electronic Optical (GSEO) shares. The partnership aims to advance 3M's Expanded Beam Optical (EBO) technology by combining 3M's expertise with GSEO's precision optics manufacturing. This move supports scaling production to meet growing demand from hyperscale data centers and advanced connectivity markets. The investment is expected to close in Q4 2026, enhancing 3M's position in optical interconnect solutions.

3M Company shares trade at USD 170.03 on Pluang as of Oct 20, 2026 04:21 WIB, up 3.22% for the day. The stock's market cap stands at $84.97 billion, reflecting steady investor interest. Pluang order activity shows a balanced mix with 51% selling and 49% buying, indicating cautious optimism around 3M's strategic moves.

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