· 供应链分析
相关概念： CPO 共封装光学
本周的意外之事……是 $AEVA 成为共封装光学(CPO)/近封装光学(NPO) 光源玩家。 背景：$SIVE 被视为向 Aeva（以激光雷达闻名）供应连续波分布反馈(CW DFB) 激光器的高确定性供应商。 今天，Aeva 盘后大涨 18.26%，回应了与一家光学引擎厂商签署联合开发协议(JDA) 的消息，该协议将在 2027 年下半年部署于某大型超大规模数据中心，并于 2028 年量产爬坡。 “光互联将利用这一基础，结合 Aeva 现有的大规模制造和晶圆代工供应链”用于： - ELSFP（类似 O-Net/Enablence + $SIVE），Sivers 可能是 CW 激光器及潜在放大器供应商 - 片上集成光源（架构/集成方面可能是 $SIVE DFB + Aeva PIC） 简而言之：Aeva 在 CPO/NPO 领域获得新总可服务市场(TAM) 和超大规模数据中心项目，对 $SIVE 等上游供应商构成利好传导。
The unexpected thing of the week... Was $AEVA becoming a CPO/NPO optical source player. For background: $SIVE is viewed as the high confidence CW DFB laser supplier to Aeva (which is known for lidar). Today, Aeva reacted with +18.26% AH on news that they signed a JDA with an optical engine player for deployment at a major hyperscaler in H2 2027, production ramp 2028. "Optical Connectivity will leverage that foundation along with Aeva’s EXISTING high-volume manufacturing and foundry supply chain" for: - ELSFP (similar to O-Net/Enablence + $SIVE), with Sivers as the likely CW laser + potential amplifier supplier - On-chip integrated light source (likely $SIVE DFB + Aeva PIC on the architecture/integration side) TLDR: New TAM and a hyperscaler programs for Aeva for CPO/NPO, positive read through for upstream suppliers like $SIVE.