Summary of Conference Call Notes Industry Overview - The conference call discusses the optical components industry, specifically focusing on InP (Indium Phosphide) production and supply chain dynamics. Key Companies and Their Production Capacities - **Coherent**: - Production capacity of approximately 50 million units (including 100G/200G) - Expansion of InP production capacity in Texas and Sweden, expected to double within a year - 200G EML (Electro-Absorption Modulated Laser) is in the ramp-up and customer certification phase, prioritizing high-end clients like Google and NVIDIA - Long-term order lock-in accounts for about 50% of total orders, with a delivery cycle of approximately 14 weeks [1][2][3] - **Lumentum**: - Production capacity of approximately 60 million units (including 100G/200G) - FY26 Q1 EML shipments reached a record high, with all InP wafer production allocated - Plans to expand unit production capacity by about 40% over the next few quarters - 100G EML quarterly shipments increased to 15 million units, with simultaneous growth in 200G EML shipments - Long-term order lock-in also accounts for about 50%, with orders primarily secured by North American cloud providers and leading optical module manufacturers - Delivery cycle ranges from 12 to 24 weeks [1][2][3] - **东山精密 (Tongshan Precision)**: - Production capacity of approximately 80 million units (including 100G/200G) [1] - **源杰科技 (Yuanjie Technology)**: - Production capacity of approximately 10 million units (100G) [1] Additional Insights - The industry is experiencing significant demand from high-end clients, indicating a robust market for optical components - The focus on long-term contracts suggests a strategic approach to securing revenue streams amidst fluctuating market conditions - The delivery cycles indicate potential supply chain challenges, which could impact customer satisfaction and future orders if not managed effectively [1][2][3]

贵州日报天眼新闻记者 杨涛 摄 临近春节，位于铜仁高新区的贵州铜仁旭晶光电科技有限公司无尘生产车间，工人们铆足干劲，全力保障假 日期间市场供应。 作为国家高新技术企业，去年该公司产值超2.6亿元，年产值实现连续3年增长30%，已拥有发明专利4个，实 用新型专利54个，呈现良好发展势头。 转自：贵州日报 ...

Core Viewpoint - The company is strategically positioning itself to capitalize on the rapid development of AI computing power by advancing its optical communication business through various technologies such as high-speed optical modules, CPO, and OCS [1] Group 1: Business Strategy - The company is focusing on two main application areas: OCS optical switches and high-speed optical modules, while also developing its own CPO optical connector products [1] - In the OCS sector, the company aims to increase production capacity of large-size pure YVO4 yttrium vanadate crystals to ensure timely delivery and mass production of key products like two-dimensional collimator arrays [1] - The company is steadily advancing the research, validation, and market introduction of other supporting precision optical components [1] Group 2: Market Positioning - In the high-speed optical module sector, the company plans to accelerate the expansion of production capacity for precision optical components that are compatible with 800G and 1.6T high-speed optical module products [1] - The company is committed to continuously enhancing product competitiveness and market share to align with industry evolution [1]

Core Insights - POET Technologies Inc. has been recognized for its innovative optical engine technology for the second consecutive year, earning an Elite Score and a category win in the Lightwave Innovation Reviews 13th annual awards [1][2][3] Group 1: Awards and Recognition - POET's Teralight™ was awarded a score of 4.5 by Lightwave, highlighting its advancements in AI connectivity solutions amidst growing demand for bandwidth and compute power [2] - Teralight is recognized for its groundbreaking design, scalability, and cost advantages, specifically featuring 1.6T transmit and receive optical engines [2] - This marks the second industry award for Teralight in less than a month, having previously won the Product Innovation Award at the Infostone Awards in China [4] Group 2: Industry Impact - The Lightwave Innovation Reviews program had a record number of submissions, indicating a competitive landscape for innovative products in the optical communications industry [3] - POET's recognition by Lightwave is seen as validation of its products' relevance and effectiveness in the marketplace [3] Group 3: Upcoming Events - Lightwave will present the award to POET during the 2026 Optical Fiber Communications (OFC) Conference on March 16 at the Los Angeles Convention Center, where POET will have a significant presence [5]

Core Viewpoint - Tengjing Technology has demonstrated its capabilities in high-density connectivity, low-loss coupling, and high-precision alignment, indicating a strong focus on advanced optical connection technologies [1] Group 1 - The company is currently developing and validating its self-developed CPO (Co-Packaged Optics) optical connector products [1]

Core Viewpoint - Anfu Technology (603031.SH) highlights the advancements of Suzhou Yilanwei, a startup focused on silicon photonic heterogeneous integration lithium niobate photonic chips, which are crucial for high-speed, high-density optical integration in data centers [1] Group 1: Technology and Innovation - Suzhou Yilanwei has developed a unique silicon photonic heterogeneous integration lithium niobate technology platform, suitable for high-performance optical modules and optical engine integration in data centers [1] - The technology enables the integration of high-performance optical modules at 1.6T/3.2T and is recognized for its smooth technological evolution, significantly reducing power consumption and operational costs [1] - The company has established a global leading position in the silicon photonics field with single-wave 200Gbps and 400Gbps optical chips [1] Group 2: Product Development and Market Application - Suzhou Yilanwei has achieved mass production and shipment of fiber array products, which are primarily used in the optical interconnect structures within optical modules [1] - These products effectively support the transmission needs of optical signals in high-speed, high-density integration scenarios [1]

Group 1 - The company, Tengjing Technology (688195.SH), has announced its capabilities in high-density connectivity, low-loss coupling, and high-precision alignment [1] - The company is currently developing and validating its self-developed CPO (Co-Packaged Optics) optical connector products [1]

Group 1 - The core viewpoint of the article is that 聚飞光电 (Jufei Optoelectronics) is actively delivering self-developed silicon optical modules to customers and is committed to focusing on market demand while increasing R&D investment and optimizing production capacity layout [1] Group 2 - The company is emphasizing its focus on the optical module sector and plans to continue enhancing its research and development efforts [1] - The company aims to align its production capacity with market needs, indicating a strategic approach to meet customer demands [1]

Core Viewpoint - The CPO concept stocks in the A-share market have collectively strengthened, with significant gains observed in several companies, indicating a positive trend in this sector [1]. Group 1: Stock Performance - Juguang Technology (688167) saw an increase of 11.19%, with a total market capitalization of 33.7 billion and a year-to-date gain of 114.04% [2]. - Taicheng Technology (300570) rose by 10.27%, with a market cap of 33.4 billion and a year-to-date increase of 27.34% [2]. - Tianfu Communication (300394) experienced an 8.99% rise, with a market value of 244.5 billion and a year-to-date gain of 54.88% [2]. - Guangku Technology (300620) increased by 4.79%, with a market cap of 46.2 billion and a year-to-date gain of 26.05% [2]. - Changxin Bochuang (300548) rose by 4.49%, with a market capitalization of 48.2 billion and a year-to-date increase of 16.40% [2]. - Hengdong Light (920045) saw a 4.37% increase, with a market cap of 28.4 billion and a year-to-date gain of 34.79% [2]. - Shijia Photon (688313) increased by 4.13%, with a market value of 39.5 billion, but has a year-to-date decline of 1.63% [2]. - Liant Technology (301205) rose by 4.09%, with a market cap of 24.9 billion and a year-to-date gain of 13.93% [2]. - Jieput (688025) increased by 3.99%, with a market capitalization of 21.3 billion and a year-to-date gain of 58.38% [2]. - Shoubote (300757) rose by 3.48%, with a market cap of 69.9 billion and a year-to-date increase of 78.75% [2]. - Zhongbei Communication (603220) saw a 2.57% increase, with a market value of 14.1 billion and a year-to-date gain of 23.52% [2]. - Cambridge Technology (603083) increased by 2.17%, with a market cap of 36.6 billion but has a year-to-date decline of 22.85% [2]. - Zhongji Xuchuang (300308) rose by 2.01%, with a market capitalization of 602.9 billion but has a year-to-date decline of 11.05% [2].

Core Viewpoint - The company, Huilv Ecology, is actively exploring and laying out CPO technology based on its accumulated expertise in silicon photonics technology [2] Group 1: Core Technologies - The company possesses multiple core technologies including general optical path technology for silicon optical modules, silicon chip and optical engine technology, self-detection closed-loop control solutions for silicon optical coupling, and synchronous automatic coupling technology with dual lenses [2] - These technological advancements position the company favorably within the silicon photonics sector [2]