· 供应链分析
相关概念： CPO 共封装光学
我知道大家都在关注那些模仿南希·佩洛西的跟单者让 $BE 暴涨 11.83%。或者特朗普…… 但你们知道还有什么很酷的吗？ 共封装光学(CPO) 的 FAU 瓶颈。 我记得今年早些时候说过，FAU/Foci 可能会成为 $TSM / $NVDA CPO 路线图未来的瓶颈…… 这是支持这一观点的媒体评论： “据悉， Largan Precision (3008)、FOCI (3363) 和中国的 TFC 已进入 $NVDA FAU 供应链” “基于今年预计出货的 20,000 台 Spectrum-X 系统，这些系统中安装的光引擎将需要大约 60 万至 70 万个 FAU” “2027 年，需求预计将达到数百万台，而现有供应链产能目前无法满足需求。”（联合报，中文翻译为英文有点偏差） 咳咳，“现有供应链产能目前无法满足需求” 现在有点早，因为大规模生产预计要到 2027 年下半年，但读到这些更新还是很酷。
I know everyone's focused on Nancy Pelosi copytraders sending $BE up 11.83%. Or Trump... But you know what else is cool? FAU bottlenecks for CPO. I remember saying earlier this year FAU/Foci might be a future bottleneck around $TSM / $NVDA CPO roadmaps... This was some media commentary supporting that: "It is understood that Largan Precision (3008), FOCI (3363), and China’s TFC have entered $NVDA FAU supply chain" "Based on an estimated 20,000 Spectrum-X systems shipped this year, the optical engines installed in those systems would require approximately 600k-700k FAUs" In 2027, demand is expected to reach several million units, and existing supply chain capacity is currently unable to meet demand." (UDN, mandarin -> english translation is kinda off) Cough cough, "existing supply chain capacity is currently unable to meet demand" Tad early right now since mass production is expected H2 2027, but cool to read updates around this.