Core Viewpoint - Ruijie Networks (301165) announced on October 23 that the operator market has a clear plan for domestic substitution, with a special section for domestic products in the 2024 network equipment procurement focusing on low-speed products (3T/2.4T) [1] Group 1: Domestic Substitution in Operator Market - The operator market is actively promoting domestic substitution with specific plans for 2024 [1] - A special section for domestic products will be set in the 2024 network equipment procurement [1] - The focus will be on low-speed products, specifically 3T and 2.4T [1] Group 2: Internet Market and Domestic Penetration - Currently, there are no mandatory requirements for domestic substitution in the internet market, leading to a low penetration rate [1] - Domestic products are limited by process technology and cannot fully replace foreign counterparts in the same generation [1] - The domestic 12.8T chip has just begun mass production, and there are high-speed product solutions through special packaging processes [1] Group 3: Campus Network and Chip Availability - In the campus network sector, there are no bottlenecks for domestic substitution [1] - There are multiple manufacturers available for chips with specifications of 2.4T/3T and below [1] Group 4: Long-term Outlook for Internet Market - The release of 384 ultra-node computing cabinets by competitors and other domestic manufacturers' ultra-node solutions is expected to enhance domestic penetration in the internet market over the long term [1] - However, short-term penetration in the internet market remains slow [1]
锐捷网络：运营商市场对国产化有明确的推进计划