Co-Packaged Optics: The $91 Billion Question (Pt.1)
CPO's $91 Billion Assumption, NPO's Quiet Momentum, and the OCS Wildcard — Mapping the Bottlenecks That Will Separate Winners from Consensus Darlings
Optics
Aixtron: The Growth Step (Pt.2)
Part 2 examines Aixtron's capacity constraints, competitive moat, and the fragmented optical architecture landscape — confirming that every path to greater interconnect density runs through its reactors, but that the stock's current pricing leaves limited room for execution misses.
Powering AI From Orbit: MACOM, Coherent, STM, Hamamatsu (Pt.4)
Heritage determines the clear near-term winners in Space DC optical networking (2026–2029), while inter-orbit links represent the only category of truly incremental photonic demand.
Aixtron: The Growth Step (Pt.1)
The quiet German monopoly behind the compound semiconductor chips that AI data centers cannot be built without.
SpaceX - Powering AI from Orbit, Space Solar, and the Musk Stack (Pt.3)
The orbital AI data center as tight satellite clusters: redefining photonic demand and unlocking compute beyond Earth’s physical limits.
Soitec - Where Silicon Photonics Begins
The near-monopoly on Photonics-SOI wafers that every leading silicon photonics foundry depends on as the starting material for AI’s optical interconnect boom.
Notes: POET Technologies - The Optical Interposer Thesis
POET’s Optical Interposer replaces costly active alignment with wafer-level pick-and-place packaging, opening AI optical engines to high-volume CMOS-scale manufacturing.