天风证券：MicroLED光模块传输方案 打破光铜取舍困境

Core Insights - MOSAIC is backward compatible with existing standard link forms and electrical host interfaces, allowing direct replacement of current optical and copper links without changes to servers or switches [1] - The prototype has been validated with Ethernet and InfiniBand protocol stacks, confirming compatibility with new protocols such as NVink and CXL [1] - The Mosaic solution utilizes a WaS architecture, operating with a relatively low data rate of 2Gbps per channel through massive parallel channels [1] - If the solution scales, MicroLED, multi-core imaging fibers, TIR lenses, CMOS sensors, and MicroLED optical connectors are expected to be major beneficiaries [1] Industry Implications - The adoption of MOSAIC technology could lead to significant advancements in the fields of MicroLED and optical modules, as well as in the supply chain for related components [1] - Companies involved in MicroLED chips, multi-core imaging fibers, potential TIR lens suppliers, and CMOS sensors should be monitored for investment opportunities as they may benefit from the increased demand driven by MOSAIC's implementation [1]