中文翻译
@siflower 不完全是，我认为 $AAOI 表示他们避免签署长期协议(LTA)，以免产能过多绑定单一客户而不得不拒绝其他客户。如果签署了带预付款的长期协议，那么在那种情况下可能就不需要如此大规模的自动取款机(ATM)增发。考虑到 $NVDA 的长期协议对 $LITE / $COHR 效果很好，这个决定有点令人惊讶。不过我假设随着时间推移，由于当前激光器/光模块短缺，AOI 会获得更大的定价权。
· 供应链分析
AAOI避签LTA以保灵活性，虽显意外但有望借短缺获定价权。
相关概念： Pluggable 可插拔光模块
英文原文
@siflower Not exactly, I think $AAOI stated they avoided LTAs so they wouldn't have too much capacity committed to one customer and have to turn away others. If they signed LTAs with prepayments, then that in scenario there probably wouldn't need to be such sizeable ATMs. Decision was a bit surprising though considering how well $NVDA LTAs turned out well for $LITE / $COHR. I would assume though AOI gets more pricing leverage as time goes on due to current laser/transceiver shortages.