中际旭创（Innolight）的投资者关系动态表明，800G光模块需求相比此前预期大幅增长，这对美国光模块制造商构成利好。此外，硅光模块的比例呈上升趋势，需求从EML转向CW激光器
中际旭创（Innolight）的投资者关系动态表明，800G光模块需求相比此前预期大幅增长，这对美国光模块制造商构成利好。此外，硅光模块的比例呈上升趋势，需求从EML转向CW激光器，利好硅光板块相关公司。
“TLDR of Innolight investor relations takeaways: 1. "Overall, 1.6T market demand has not contracted; instead, 800G demand has increased significantly compared with previous expectations" Prob most important takeaway as a whole was 800G demand revision (also longer tail demand). Which is a bullish read through on US transceiver makers like $AAOI, $COHR, $LITE. Lot of new customers like neoclouds, AI model companies, contributing to overall demand rather than just hyperscalers, diversification always a bonus. 2. Innolight said the shortage covers the module supply chain broadly including: - Optical chips. - Electrical chips. - PCBs. - Other module materials From last ER, I think they singled out EMLs and CW optical chips as the most constrained. So Innolight's bottleneck list mention broadened since then. They expect some of the component availability to improve gradually from the second half of 2026 through the first half of 2027. Think a lot of this is already known from earlier though. But just some confirmation + easing timelines (EML is extremely bottlenecked, same with CW, this is probably talking about other components). 3. Innolight said module-production equipment is not the constraint. Equipment lead times remain relatively short. So this isn't really a bottleneck compared to others. 4. The overall proportion of silicon photonics continues to trend upward. Last year it was mainly 800G. This year, some 800G customers are further increasing their silicon-photonics proportion. 1.6T also added some new customers Positive for SiPH penetration eg. $SIVE / $JBL, since this shifts away from EML toward CW. Basically: main surprising takeaway is just 800g demand go brrr. Apart from that just reaffirming bottlenecks/timelines/market speculation.”原帖：X / @aleabitoreddit ↗