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光博会总结:硅光时代龙头优势凸显,OCS空芯光纤薄膜铌酸锂CPO等新技术孕育新机会
2025-09-15 01:49

Summary of Key Points from the Conference Call Industry Overview - The conference focused on the optical communication industry, particularly highlighting the advancements in silicon photonics technology and its implications for the market [1][2][3]. Core Insights and Arguments - Leading companies in the optical module sector, such as Zhongji Xuchuang and Xinyi Sheng, are expected to gain significant competitive advantages in the silicon photonics era, with market share likely to increase [1][2][3]. - New technologies like OCS, hollow fiber, and lithium niobate CPO are developing concurrently but are not expected to completely replace pluggable optical modules. The commercial viability, cost, and integration with existing network architectures are critical factors to consider [1][4]. - The growth in overseas computing power demand is driving the need for related equipment such as optical modules, PCD, and switches, reinforcing the first-mover advantage of leading firms and enhancing industry confidence in market valuations [1][5]. - The application range of silicon photonics technology is expanding, with significant opportunities in the industry chain, such as CW lasers. The commercial development of CPO technology is currently in its early stages and relies heavily on industry collaboration [1][6]. Notable Developments and Exhibitions - At the conference, 800G and 1.6T high-speed optical modules emerged as mainstream products, with multiple companies showcasing their advancements in this area. Zhongji Xuchuang and Xinyi Sheng presented a range of products from 400G to 1.6T [1][7][8]. - Huagong Technology's subsidiary Huagong Zhengyuan introduced second-generation technologies, including a 1.6T and 3.2T CPU optical engine featuring low power consumption [3][8]. - Cambridge Technology demonstrated its self-developed CW laser and showcased large-scale production of 800G, 400G, 200G, and 100G optical modules, along with small-batch production of 1.6T products [9]. Emerging Technologies - The demand for CW lasers is increasing, and solutions based on single-wave 200G technology are continuously being introduced. The advancements in thin-film lithium niobate chips and OCS CPU technologies are also noteworthy [12][13]. - Longfly Company showcased a 100-kilometer hollow fiber link with a low attenuation of 0.089 dB/km, indicating significant progress in high-speed interconnect cabling [15]. Investment Recommendations - Looking ahead to 2025, it is advised to focus on the IBC computing power industry chain, which includes network equipment, chips, CPO copper cables, and optical fibers. Additionally, attention should be given to AIDC data center construction and domestic IT equipment [19].