Guotai Asset Management says FCC curbs on China optical modules unlikely to materialize
SOXX•FCC curbs viewed as a negotiating lever
Guotai estimated global AI capex could reach USD 1.5 trillion next year, up 73%, with upside momentum for optical modules. It viewed a potential FCC restriction on Chinese optical modules as a negotiating lever, with low odds of full implementation.
Guotai sees strong optical-communications demand
Guotai Asset Management flagged strong optical-communications demand, citing Lumentum’s earnings beat as a sign of sustained sector momentum.
Indium phosphide supply and data-center buildouts
The note highlighted Lumentum’s indium phosphide supply deal with AXT, warning tight supply could constrain US data-center buildouts.
China supply chain seen benefiting from NPO transition
It said customers are choosing NPO as a transition path, a shift it sees favoring mainland China’s optical supply chain.
