东山精密：光芯片紧缺态势短期难解 索尔思将重点发力1.6T光模块

Core Viewpoint - The demand for high-speed optical modules driven by AI is surging, leading to a significant shortage in the optical chip market, particularly for products with speeds of 800G and above, which is expected to persist in the short term [1] Group 1: Optical Chip and Module Market Dynamics - The expansion cycle for optical chips is approximately one year for capacity construction and up to three years for customer certification, while optical modules can respond more flexibly to market demand changes [1] - The supply shortage of optical chips is expected to ease at a slower pace compared to optical modules, favoring suppliers with technological accumulation and customer validation advantages [1] Group 2: Sols' Market Strategy and Technology - Sols' market strategy focuses on penetrating high-end optical module products for major clients, with a long-term goal of meeting the 1.6T optical module demand from top global tech clients by 2027 [2] - The company is optimizing its production base to solidify capacity for business expansion in 2026 and is pursuing a dual-track technology approach with EML and silicon photonics [2] Group 3: AI Strategy and PCB Development - The overall AI strategy of the company is to build competitiveness around the hardware infrastructure needs of the AI industry, with a focus on high-end PCBs and optical modules [2] - The AI PCB business is supported by Multek's deep technical foundation, which allows for precise adaptation to the high-density and multi-layer requirements of AI devices [3] - The company has implemented equipment and supply chain assurance strategies to ensure timely release of AI PCB capacity, anticipating an increase in product layers and prices due to growing AI computing demands [3]