Zhi Tong Cai Jing·2025-12-23 00:26Industry Overview - The global optical module market is expected to exceed $37 billion by 2029, with 800G optical modules anticipated to peak in demand in 2025, reaching a shipment volume of 18-19.9 million units, doubling year-on-year [1] - The 1.6T optical module is projected to enter commercial use in 2025, with expected global demand of 2.5-3.5 million units [1] - The rapid upgrade of GPUs and ASICs is driving significant growth in computing power performance and data transmission demand, particularly in AI data centers [1] Company Insights - Cambridge Technology (603083): The company is focusing on high-speed optical modules, with significant contributions from its 400G/800G/1.6T product lines. In the first half of 2025, it achieved mass production of 800G and 400G products and completed the development of a full series of 800G optical modules based on silicon photonics technology [2] - Hui Ju Technology (01729): The company is positioned well in the MPO optical communication and AI server sectors, with its MPO business being a core profit source. The demand for MPO products is strong, with fiber optic revenue expected to grow by 43% and 35% year-on-year in 2024 and 2025 respectively [2] - Yangtze Optical Fibre and Cable (601869): The company is diversifying its product offerings, including multimode and hollow-core fibers, driven by AI computing demand. It is also expanding its overseas business, with 80% of placement funds allocated for this purpose [3] - FIT HON TENG (06088): The company is advancing AI server projects, with new flagship AI server platforms expected to launch in the second half of 2025, which will increase demand for power supply and liquid cooling solutions [3]