Morgan Stanley warns FCC may impose restrictions on 3.2T optical transceivers if US components exceed 65% of BOM value, potentially reshaping the DSP and laser supply chain. Tianfeng Military believes this could accelerate overseas adoption of Chinese InP substrate makers, with Photop Technologies (光智科技) already securing a Coherent order.
FCC restrictions on 3.2T optical transceivers could trigger a supply chain overhaul, benefiting Chinese InP substrate leader Photop Technologies while posing longer-term challenges for module makers.
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