Morgan Stanley reports that the FCC may regulate Chinese-made 3.2T optical transceivers under the Covered List, potentially starting October 2026 with a phased approach and a 65% US content exemption.
The FCC's potential regulation targets next-gen 3.2T optical modules, favoring US laser suppliers and creating uncertainty for Chinese module makers, but the phased approach and US capacity constraints mitigate immediate disruption.
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