中文翻译
@OnurKocerr 不，EML、CW、microLEDs 都是并行路线，硅光子+CW 是 2027-2028 年的主要商业化重点，尤其是共封装光学(CPO)。如果有的话，内存/光互连增加了激光供应商（包括 CW DFB）的总可寻址市场(TAM)。这些已经供不应求。因此，当 2027-2028 年到来时，我们可能会看到另一场类似内存的短缺……鉴于你的前三名未来两年已售罄，且像 $AAOI 这样的独立激光产能上线后正被内部用于光模块而非出售。
· 供应链分析
硅光子+CW主导CPO，激光元件供不应求，2027-28年或现短缺。
涉及标的： $AAOI
相关概念： CPO 共封装光学光子学 PhotonicsPluggable 可插拔光模块
英文原文
@OnurKocerr No, EML, CW, microLEDs are all parallel tracks, with silicon phonetics + CW being the main commercial focus for 2027-2028, especially for CPO. If anything, having memory/optical links adds another material TAM increase across laser suppliers including CW DFBs. Which are already in short supply. So we'll likely see another memory style shortage when 2027-2028 comes about... Given your top 3 are already sold out for next 2 years, and independent laser capacity coming online like $AAOI are now being used internally for transceivers rather than being sold.