追光不止，光博会透露哪些信息？

Summary of Key Points from Conference Call Records Industry Overview - The conference call primarily discusses the optical communication industry and its investment opportunities, particularly in the context of AI and data center interconnect (DCI) technologies [1][2][3]. Core Insights and Arguments - AI Investment Surge: There is a significant increase in investment expectations in the AI sector in North America, leading to a rise in demand for optical modules. Oracle's financial results exceeded expectations, indicating a positive outlook for future revenue and capital expenditures [1][2]. - Transition to Higher Speeds: The industry is witnessing a clear trend of upgrading orders from 800G to 1.6T and even higher speeds, which is expected to benefit related companies in the long term [1][2]. - OCS Development: The Optical Circuit Switching (OCS) market is accelerating, with companies showcasing upgraded port counts from 128×128 to 576×576. Revenue projections for OCS are optimistic, with estimates of several million dollars by 2025-2026 [1][4]. - MEMS Technology: The MEMS solution is becoming mainstream in OCS due to its advantages such as low latency, moderate specifications, and lower costs. Companies like 赛微电子 are expanding their MEMS OCS chip production lines, which is expected to reduce costs and enhance OCS capabilities [1][4]. - Hollow Fiber Technology: Companies like Amazon and Microsoft are actively promoting hollow fiber technology for DCI applications, with significant deployments planned. The technology is noted for its potential to reduce latency and improve system efficiency [15][16]. Noteworthy Developments - China Mobile's Procurement: The procurement of a hollow fiber cable project by China Mobile's Ningxia branch marks a milestone as it is the first public tender for DCI hollow projects by domestic cloud vendors, indicating recognition of domestic capabilities [21][22]. - Government Support for Satellite Communication: The issuance of satellite communication licenses by the Ministry of Industry and Information Technology to China Unicom signifies a clear government stance on the commercialization of low-orbit satellite communication, which is expected to drive industry growth [25][26]. - Emerging Technologies: New technologies such as air fiber and laser solutions are gaining attention, with companies like 中金公司 and 兴业证券 being highlighted for their growth potential [5]. Companies to Watch - Companies with low valuations and high growth certainty, such as 中金公司 and 兴业证券, are recommended for investment. Additionally, companies like 天孚, 华工, and 光迅 are noted for their significant marginal changes and order demand certainty [3][5]. Conclusion The optical communication industry is poised for growth driven by advancements in AI, increased demand for higher-speed optical modules, and the development of new technologies. Companies that are actively participating in these trends, particularly those involved in OCS and hollow fiber technologies, are expected to benefit significantly in the coming years.