CITIC Securities pointed out that, driven by strong demand for AI computing power, the continuous volume and rate upgrades of optical module terminals are driving rapid growth in demand for related analog chip models. Leading overseas manufacturers are actively guiding. According to estimates, global demand for optical module analog chips will exceed 10 billion yuan in 2026. Currently, the global landscape is dominated by overseas leaders, and domestic substitution is accelerating. Since 2026, leading domestic simulation companies' optical module-related businesses have seen rapid expansion, which in turn has led to rapid growth in performance.

CITIC Securities pointed out that, driven by strong demand for AI computing power, the continuous volume and rate upgrades of optical module terminals are driving rapid growth in demand for related analog chip models. Leading overseas manufacturers are actively guiding. According to estimates, global demand for optical module analog chips will exceed 10 billion yuan in 2026. Currently, the global landscape is dominated by overseas leaders, and domestic substitution is accelerating. Since 2026, leading domestic simulation companies' optical module-related businesses have ushered in rapid expansion, which in turn has led to rapid growth in performance.