LAmimi

lmsy 互关@LabubuLisa527

[LAmimi @lalisa577ami]

@LenaMiu_CH3 我爱这个女人 狠狠的爱❤❤❤❤

[ᵖˡˢ LenaMiu CH3 Official @LenaMiu_CH3]

ลีน่าหลายโหมดเกิ้น

LENAMIU PLS LOVE EP7
#PlsLoveรักได้ไหมEP7

[LAmimi @lalisa577ami]

@zzouyzz 演的真好，两人太美了

[블링크 บึลลิ้งคึ @zzouyzz]

ในฐานะคนนอกด้อม ยอมรับเลยว่าลีน่าหมิวแสดงดีมาก ซีนอารมณ์ก็ถึงใจ เลิฟซีนก็ถึงอารมณ์ ที่สำคัญคือดูแล้วไม่ได้รู้สึกว่าโป๊แต่รู้สึกถึงความรัก ความโหยหา และความคิดถึงของคนสองคน เคมีคู่นี้มันปีศาจอ่ะเหมือนเราไม่ได้กำลังดูคนแสดงเลิฟซีน แต่กำลังแอบมองคนสองคนที่รักและต้องการกันมากๆอยู่

[ᵖˡˢ LenaMiu CH3 Official @LenaMiu_CH3]

เทรนด์มาขนาดนี้ จะไหวเหรอพิๆ 🫦

LENAMIU PLS LOVE EP7
#PlsLoveรักได้ไหมEP7

[ᵖˡˢ Natsha T🧸 @miunatshaa]

กลับบ้านนนน⛈️🏡

[3Plus @Ch3Plus]

คุณกลับไปเถอะ… แล้วอย่ามาที่นี่อีก ฉันขอร้อง!
#PlsLoveรักได้ไหมEP7

👉 https://t.co/MbHwjZB5PI

#PlsLoveรักได้ไหม
ทุกวันศุกร์ เวลา 20:30 น.
ดูสดออนไลน์และย้อนหลังที่ #3Plus
.
#ดูทีวีกด33ดูออนไลน์ที่3Plus

[ᵖˡˢ LenaMiu CH3 Official @LenaMiu_CH3]

ภาพสุดท้ายคือหิวแหละ

LENAMIU PLS LOVE EP7
#PlsLoveรักได้ไหมEP7

[ᵖˡˢ LenaMiu CH3 Official @LenaMiu_CH3]

พิโจ้ vs บักภีม

LENAMIU PLS LOVE EP7
#PlsLoveรักได้ไหมEP7

[Serenity @aleabitoreddit]

I guess what I've seen from Chinese laser capacity expansion:

1. Dongshan/Source Photonics (索尔思): 9M/month capacity -> 22M/month Q4 -> 300m/year in 2027 (mostly EML, but blended)

Claims of 1B/year "target" for laser chips with no deadline, but I'd take this as a grain of salt.

2. Shijia (仕佳): 72M/year for 100mW CW, 2-3 year project (mainly 2029 full capacity online)

3. Yunling (云岭): 18.75M/year 70/100mW CW, 3 year schedule (mainly 2029 full capacity online)

4. Ligent (纳真), some reports stated 170M target for total capacity (also blended, lot of which is 200G EML)

5. Yuanjie: ~10M/year currently, expanding for early 2027 and 2028, but no quantities.

6. Hongchen: I think this was the perfect example of flooding H2 2026 arguments. With some some optical bears claiming 60-70M capacity...

But this turned out to completely wrong... Their actual statements were "70/100 mW products are entering small-volume production".

7. Dingxin Optoelectronics - Targeting 15M/year blended (with 70/100mW CW and 100G EML lines)

Obviously mapped many others like Everbright/Accelink and did some guesses around laser mixes, but only included public disclosures.

From your pluggable vendor channel checks:

- 70mW/100mW lasers are actually a bottleneck right now per Innolight/Cambridge channel checks, laser ASPs actually increasing.

Lasers are tighter than they were a few months ago.

I don't think there's a giant moat here, Chinese players are already competitive. But a bottleneck is a bottleneck, and anyone with capacity to monetize that will benefit, since it's a volume game.

In terms of what the larger pluggable makers are actually doing:

- Innolight September disclosure: actively introducing new suppliers and are planning to sign 2-3 year-long contracts to lock upstream capacity for lasers (still actively securing supply for 1.6T pluggables)

So there's some game theory over who can lock up qualified capacity among all your players.

Even if there's some over-ordering, laser BOM is cheap, so they'd probably want to lock up capacity with more suppliers than lose billions in downstream revenue. (also kinda hurts competitors)

- High end lines (for CPO), non-competitive with Western players like $LITE / $COHR as of next few years. But Chinese players would eventually develop the technology.

- $AAOI CEO: Chinese suppliers several years behind on high-power CPO/DWDM laser production "not in the next 2,3 years"

- $LITE CEO questioned whether claimed Chinese manufacturing capacity was translating into commercial output. "At least at the moment, we see no impact from any Chinese laser supply."

This is despite Shijia, Everbright, Yuanjie and others stating 400mW capabilities and capacity expansion targets from Chinese companies. Although Western CEOs might be disputing their reliability and capability to scale these lines.

I see lower end range bottleneck for pluggable will gradually ease as more capacity comes online 2028. But all evidence points against near-term overflooding.

The 100mW range for example, someone cited 2 years of equipment investment. Higher ranges were 3 years for equipment investment? So even some Chinese players take years for capacity to come online.

The multi year laser shortage statements from laser company executives seems to be true... especially among higher end ranges, since buildout takes a lot of time.

Legitimate competition coming from China, but as of now there's a scramble for CW LTAs among the industry in 2026-2027.

Lot of capacity is probably allocated toward higher spec lasers or EML, as seen with EML bottlenecking $LITE for the longest time (they have more supply now) that they had to buy CW off the market instead of supplying it themselves.

This is while tail end for 800G demand for example, might continue much much longer than expected with sovereign DC buildouts. So there might be some surprising dynamics for duration, we'll see.

In the end I do think supply chains will be bifurcated:

- Chinese players will prioritize domestic capabilities but heavily sources globally.

- Western players (now) prioritize Western supply chains unless China comes online with cheap enough supply (which don't see happening near-term).

TLDR:
-> Multi-year shortage definitely seems accurate for higher end specs
-> Lot of China capacity overflooding claims earlier from H1 turned out to be completely false. People keep making them for some reason across memory to photonics.
-> Chinese laser players are competitive for 70mW/100MW, meaningful expansion Y/Y, but nothing showing overflooding, given laser demand increasing, probably gradual easing into 2028.

We'll see, supply chain evolves month after month, just my current opinion from what I'm seeing.

[아이치이 코리아 | iQIYI Korea @iqiyikorea]

💚단독 공개 중💚
지금 #아이치이 에서 #리나미우 주연의 ❤️‍🔥🍷 #플리즈러브 2화를 시청하세요! #PlsLoveรักได้ไหมEP2
@lena__lorena @miunatshaa @LenaMiu_CH3 @iQIYI_Thailand
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#plslove #iQIYI #PlsLove #PlsLoveรักได้ไหม #LenaMiu #ลีน่าหมิว #lalinalena #MiuNatsha #태국드라마 #태드 #태드추천 #드라마 #드라마추천 #드라마정주행 #태국어 #태국어공부 #태국어회화 #Thaidrama

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[ᵖˡˢ LenaMiu CH3 Official @LenaMiu_CH3]

อุ๊ย…มีคนเขิลค่าาา ☺️

#LenaMiu #ลีน่าหมิว

[Ch3Thailand @Ch3Thailand_33]

คืนดีกันแล้วอะไรๆ ก็แฮปปี้ไปหมด เรื่องป๊าเอาไว้ก่อนแล้วกันนะ
#PlsLoveรักได้ไหมEP7
.
#PlsLoveรักได้ไหม
ทุกวันศุกร์ เวลา 20.30 น.
#ดูทีวีกด33ดูออนไลน์ที่3Plus
#LenaMiu #ลีน่าหมิว

[_Kapybara🐱 @xinan3543]

偶然间刷到这张图片，天使Parn也太美了…

我现在又想再回去看一遍EP7了！她们两个人在一起的氛围感，虽然只是一张照片但都足以让观众体会到火热，这就是天选CP的实力🥵🥵🥵

LENAMIU PLS LOVE EP7
#PlsLoveรักได้ไหมEP7

[LAmimi @lalisa577ami]

@iMarshmalw 你翻译的哪几部剧，说来听听

[ᵖˡˢ Lalinalena🦋ภีมภคินีย์ @lena__lorena]

หนายยยย เล่าซิ้ ชอบซีนหนายยยยยย🤭🤭🤭🤭🤭🤭🤭🤭

LENAMIU PLS LOVE EP7
#PlsLoveรักได้ไหมEP7

[LAmimi @lalisa577ami]

@Faruk4ktas @mrsozen27 中国唯一不能开玩笑的领土完整，拒绝一切分裂言论！请紧急，且慎重发言。

[LAmimi @lalisa577ami]

@its_may97 lmsy lenamiu 超级喜欢这两对 啊啊啊啊啊啊

[LAmimi @lalisa577ami]

@nur_7934 为妈妈祈祷 加油

[LAmimi @lalisa577ami]

@viudanegrabi 喜欢后两名