13 December 2025 | 5:13PM HKT Equity Research Global Optical transceivers: TAM introduced; rising 800G / 1.6T driven by growing AI servers infrastructure We are introducing our global optical transceiver TAM, a demand angle based on our server forecasts and the corresponding connection needed. We cover (1) the adoption trend by speed, with 1.6T ramping up adoption in 2026-27E and 3.2T starting adoption in 2027E. (2) the penetration of silicon photonics solutions, increasing along with optical module speed m ...