中国通信基建：参考美国云服务提供商资本开支及光通信同业观点-China Communication Infrastructure Read-across from US CSP Capex and Optics Peer Commentaries

08 Feb 2026 20:31:25 ET │ 12 pages Vi e w p o i n t | China Communication Infrastructure Read-across from US CSP Capex and Optics Peer Commentaries CITI'S TAKE We see volatility among Chinese optical transceiver names last week post US CSP and optics peers' results. Key read-across from results: (1) strong growth again among top four US CSPs' 2026 capex (CitiE +60% YoY aggregated); (2) robust growth in 800G/1.6T optical transceivers in 2026 and should continue in 2027; (3) OCS shipment likely ramping in com ...