Understand where top US companies fit in the photonics and optical interconnects operating landscape.
1. Value Chain Mapping
| Value Chain Segment | Key Companies (Ticker) | Role/Exposure | Notable Details |
|---|---|---|---|
| Materials & Substrates | AXTI | Secondary | Indium phosphide wafers for lasers, optical transceivers; record backlog, expanding capacity. |
| COHR | Primary | Indium phosphide, CW lasers, VCSELs, photodiodes; doubling wafer capacity. | |
| Component Suppliers | LITE, MTSI, IPGP, TDY, SMTC, AAOI | Primary/Secondary | Transceivers, lasers (CW, EML, VCSEL), photodetectors, modulators, drivers, TIAs. |
| Foundries/Platform Providers | GFS, TSEM, UMC, STM | Secondary/Significant | Silicon photonics platforms, SiGe, 12-inch PICs, CPO scaling, high-volume ramps. |
| Packaging & Assembly | FN, ASX | Primary/Secondary | Precision photonics packaging, CPO, OCS, system-level integration. |
