AI系列：光是通信的必由之路，OCS已成功应用

Investment Rating - The report suggests a positive investment outlook for the Optical Circuit Switch (OCS) industry, particularly benefiting from the increasing demand for AI computing power and the integration of optical connections in data centers [6][57]. Core Insights - The introduction of OCS technology significantly enhances the efficiency of AI supercomputing clusters, addressing the limitations of traditional electrical switches in terms of power consumption and latency [6][19]. - The OCS industry is expected to see substantial growth, with key players in the supply chain poised to benefit from the rising demand for optical connections in AI applications [6][57]. - Optical connections are deemed essential for high-speed data transmission in the AI era, with advancements in optical technologies driving the need for robust optical connection infrastructure [51][54]. Summary by Sections Section 1: OCS Technology and AI Supercomputing - OCS technology can significantly improve the efficiency of AI supercomputing clusters, reducing power consumption and latency compared to traditional electrical switches [6][19]. - Google has integrated OCS into its TPU clusters, enhancing performance and scalability for large model training [21][27]. Section 2: Growth of the OCS Industry - The OCS industry is experiencing notable growth, with various companies in the supply chain expected to benefit from increased demand for optical components [6][57]. - Key components in the OCS supply chain include MEMS arrays, optical modules, and optical devices, with specific companies highlighted for their roles [57][58]. Section 3: Importance of Optical Connections - Optical connections are critical for high-speed data transmission in AI applications, with a shift from electrical to optical technologies anticipated across various network layers [51][54]. - The report emphasizes the need for a comprehensive optical connection infrastructure to support the growing demands of AI and data centers [54][51]. Section 4: Investment Recommendations - The report recommends focusing on key players in the OCS supply chain, including companies involved in MEMS manufacturing, optical modules, and optical components [57][58]. - A broader focus on the optical connection industry is advised, highlighting companies engaged in optical chips, optical devices, and fiber optics [58].