Summary of Accelink's Optical Networking Call Industry Overview - **Industry**: Optical Networking - **Company**: Accelink Technologies, a major transceiver manufacturer focusing on the Chinese domestic market Key Points 1. **Supply Constraints**: EML (Electro-absorption Modulated Laser) supplies will remain tight into 2025, impacting transceiver shipments [2][4] 2. **Demand Dynamics**: The demand for transceivers in China is strong, particularly for 400G products, which are a generation behind the mainstream products in North America [1][4] 3. **Shipment Lag**: Current shipments are lagging behind demand due to component supply constraints, leading to a portion of the demand in 2024 being pushed into 2025 [1][4] 4. **Production Capacity**: Accelink has established a new facility with equipment installed in July 2024, aiming for a production capacity of a few hundred thousand units per month, but is hindered by component supply issues [3] 5. **Market Competition**: Competition in the Chinese transceiver market is expected to intensify as suppliers expand their capacities, which may lead to pricing declines [4][6] 6. **Product Demand**: The construction of 400G long-haul optical networks by Chinese telecom operators is expected to increase demand for Accelink's products, including fiber amplifiers and coherent transceivers [7] 7. **Peer Comparison**: Accelink's insights on demand strength and EML supply tightness align with those of HG Tech, a close peer, but the intensifying competition poses a risk [8] Additional Insights - **Future Outlook**: Accelink anticipates that the demand for transceivers will continue to grow into 2025, despite current shipment challenges [4] - **Investment Implications**: The findings suggest potential investment opportunities in companies like HG Tech, which are also involved in the optical transceiver market [8][9] This summary encapsulates the critical insights from the call regarding Accelink's position in the optical networking industry, highlighting both opportunities and risks associated with supply constraints and competitive dynamics.

15 November 2024 | 2:13PM GMT GS Equity Radar 2025 Macro Outlooks | Carbonomics | New Ideas | Europe Pharma | US Capex Views | China Consumer It is outlook season, and we kick off this week with our 2025 Macro outlooks across the globe. Jan Hatzius expects a second Trump administration to bring higher China and auto tariffs, much lower immigration, some fresh tax cuts, and regulatory easing. If so, the US economy should grow 2.5% in 2025, outperforming consensus expectations and other DM economies for the t ...

M Update Greater China Technology Hardware | Asia Pacific November 3, 2024 09:15 PM GMT 更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 Implications from Intel Call, IDC's 3Q PC Shipment Data Intel expects 4Q PCs to see q/q growth off a sub-seasonal 3Q, and expects DCAI revenue to be flat q/q in 4Q off an elevated base in 3Q. Overall comments were largely in line with what we have been hearing from the supply chain. 更多一手调研纪要和海外投行报告加V：shuinu9870 PCs: Intel 3Q Client revenue fell 1% q/q, in line with the sub-seasonal flat-to-do ...

Accelerating low-carbon hydrogen and cutting costs with digital technology Digital levers for enhancing and accelerating the development of low-carbon hydrogen 2 Capgemini x Siemens Delivering greater value from your low-carbon hydrogen assets by using better asset information to improve investment decisions and operations. Index Executive Summary 28 30 34 4 8 Scope of this paper 1. Siemens and Capgemini joint approach for low-carbon hydrogen asset 1.1 Our Value Proposition 1.2 Siemens and Capgemini, a rele ...

会议要点 1、日本央行加息与日元汇率走势 · 日本央行的前瞻性预期与加息：日本央行在过去半年中已多次预告加息， 但市场仍对其实施时间存在疑惑。加息后，日元汇率从 153 贬值至 160，显示出日美利差的背离。 · 投机性资金的作用：大量投机性资金在抛售日元，与日本央行形成对手。 这种现象不仅是单纯的投机行为，还涉及美国股市核心资产英伟达的表现。 2、英伟达与日元汇率的关联 · 英伟达股价影响：英伟达的股价波动与日元贬值无直接因果关系，但英 伟达的预期和杠杆作用导致了市场风险。 · 市场风险与英伟达的下跌：随着英伟达的股价从单位数跌回两位数，日 元汇率成为重要环节。日本央行的干预未能有效控制汇率波动，投机性头 寸再次加仓。 3、日元套息交易与全球资产配置 · 日元作为低息借贷来源：美国加息后，日元成为全球重要的低息借贷货 币。尽管人民币利率低，但由于政治和资本管制因素，不能自由流动，因 此日元成为主要套息货币。 付鹏：评日本央行的加息：当前日元 Carry 的核心是资产端 · 日元借贷与海外资产投资：日元套息交易长期存在，尤其在安倍经济学 后，日本资产也成为重要配置对象，如巴菲特投资的日本商社和日本电子 芯片公 ...

大家好欢迎参加新政海外美国跟踪系列海外网友投稿处理业绩展望目前所有参会者正处于静音状态现在开始播报名字声明声明播报完以后主持人可直接开始发言本次电话会议仅服务于新业证券客户会议音频及文字记录的内容版权为新业证券所有内容必须经新业证券审核后方可留存未经允许和授权转载转发此次会议内容均属侵权 深夜证券将保留追究其法律责任的权利电话会议所有参会人员不得泄露内幕信息以及未公开重要信息涉及外部嘉宾发言的深夜证券不保证其发言内容的准确性与完整性 深夜证券不承担外部嘉宾发言内容所引起的任何损失及责任不承担因转载转发引起的任何损失及责任市场有风险投资需谨慎提醒投资者注意投资风险审慎参考会议内容好的各位尊敬的投资人下午好 感谢各位来参加我们今天下午的电话会我是新海外TMT的行业负责人洪嘉俊然后身上还有我的同事翁嘉云、邱培培还有周若云然后今天的主要目的一块就是从这个海外运输龙头的资本开支因为最近这一周多大家也都把业绩发了那所以一方面我们是从整个资本支出然后来看 包含云服务以及AI基建这一块的未来的展望同时近期行情变动比较大也汇报一下整体的观点然后后面我们有三个互联网的分析师会分别汇报四家云服务龙头他们的一个业绩的状况以及展望 那 ...

Turbocharging software with Gen Al How organizations can realize the full potential of generative AI for software engineering #GetTheFutureYouWant Turbocharging software with Gen AI: How organizations can realize the full potential of generative AI for software engineering ( _ 9310 919 2 Capgemini Research Institute 2024 Turbocharging software with Gen AI: How organizations can realize the full potential of generative AI for software engineering 3 Capgemini Research Institute 2024 Turbocharging software wit ...