中文翻译
^ 澄清一下，$AXTI 掌控定价权。关于数量，指的是掌控磷化铟(InP)供应链的大部分份额。 他们拥有一定量的库存，这显然受中国许可证管制。 重点是，即使产能翻倍或翻三倍，如果你同时掌控供应链，就能掌控定价。你可以用有限的材料将价格提高100%+、500%、2000%，超大规模云服务商(hyperscalers)仍会买单，因为没有替代品。 即便涨幅如此之大，由于此前价格占比极低，对TPU集群物料清单(BOM)的影响也仅增加几个百分点。
· 供应链分析
AXTI通过掌控InP供应链实现定价权，涨价对TPU成本影响有限。
涉及标的： $AXTI
英文原文
^ clarification, $AXTI controls the price. Regarding quantity, that was referring to controlling majority of the InP supply chain. They have a certain amount of inventory, which obviously is controlled by China for permits. Point was that can double, triple, capacity, but if you control both the supply chain, you can control pricing. You can have finite material and increase prices 100%+, 500%, 2000%, and hyperscalers would still pay because there's no alternative. Even that much increase would only be a few percent increase on TPU cluster BOM because the price was so negligible before.