haha

真诚 正直 热爱生活

[源深路炒家 @Cook_of_YSroad]

Goldman Sachs just published a report on the potential US restrictions on Chinese optical transceivers.

The key takeaway is actually very clear: rapid AI growth and faster technology migration are making CSPs MORE dependent on existing optical leaders, not less.

7 of the global top 10 optical module suppliers by revenue are based in China, and they gained market share again in 2025.

Why? Because 1.6T/2.4T/3.2T, SiPh/EML, pluggable/LPO/NPO/CPO all require deep R&D, customer co-development, automated manufacturing, yield control and massive capacity commitments. New suppliers simply cannot replicate this overnight.

And geopolitics is not new. Leading Chinese suppliers have already been diversifying production into Southeast Asia, with high-end 1.6T products already manufacturable there.

This is the part many investors still don’t understand:

Policy can change where the modules are manufactured. It is much harder to change who actually knows how to make them at scale.

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@Cook_of_YSroad 👍

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@tuolaji2024 太巴子的可以不用看了 利润不及龙头半个月 喊了这么久了 业绩能兑现？

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@Ottoman5606 包月？

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@tuolaji2024 言外之意就是这一代没有

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@salonbus1024 寒武纪？

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接下来得偿所愿 加油

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@xiaobingshui 上海欢迎你

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这次一定要召唤神龙

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@xiaobingshui 有时间一起吃喝玩 哈哈

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一个简单的周末

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有时间一起吃喝玩 哈哈

[小冰水 @xiaobingshui]

@haha1024227 杭州人民欢迎您

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@xiaobingshui 美爆了

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@xiaobingshui 终于更新了 特么的 白瞎担心了

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@xiaobingshui 你就说吧 啥时候请我吃饭 医生说我胃不好

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最后一次来这里了，前前后后来了3次，再见西工大

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山城

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海棠湾的日出

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@deserve068 下次一定🤣