Dòng sản phẩm quang học của Sivers Semiconductors tăng 77% trong 5 tháng, dự kiến mở rộng công suất

The Huoxing Finance report states that on May 30, "New Stock God" Serenity published an analysis indicating that its interpretation of Sivers Semiconductors' earnings call was "significantly bullish," suggesting the company's growth narrative is shifting from the customer validation phase to the capacity and supply constraint phase. Regarding customers and orders, the post noted that plug-and-play collaborations with Jabil are driving increased demand for optical transceivers, with potential beneficiaries including optical module manufacturers such as Innolight and Eoptolink. On capacity and supply chain matters, the post stated that, in addition to its partnership with Win Semiconductor (Win Semi), the company is advancing additional laser capacity and developing more partnerships, citing management's statement that "more details will be disclosed to the market when the time is right." The poster believes this implies that capacity constraints may be further alleviated. Regarding the cadence of customer orders, the post quoted "mass production orders from key SATCOM customers are imminent" and interpreted this as signaling that the space communications business is about to enter a scaling phase. On capital and structural changes, the post mentioned that the company's dual listing on U.S. markets is progressing smoothly and suggested a clearer timeline may be announced after new board members take office, while implying that the new board possesses experience in M&A and U.S. capital markets. Regarding industry cycle assessment, the post highlighted management's emphasis that "in a supercycle where demand far exceeds supply, viewing ecosystem suppliers as competitors is a flawed approach," and believes demand in photonics continues to rise rapidly. In terms of growth metrics, the company's photonics pipeline has grown by approximately 77% over the past five months, becoming the primary driver of overall growth, which validates the expansion trend in the CPO (co-packaged optics) and pluggable optical module segments. Overall, this perspective holds that Sivers Semiconductors' narrative is transitioning from "customer and competitive validation" to "supply constraints and capacity ramp-up," with expectations that revenue growth will accelerate as the CPO industry scales after 2027.