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Nomura’s report cites $AXTI and $IQE as the leading players.
Then regarding ASP updates:
- 2in InP substrate price hike 42-76%
- 3in InP substrates price hike 78%
- 2in EML Epiwafer price hike 50-75%
- 3in CW Epiwafer price hike ~40%+
- Prices lower domestically in China as expected.
Hyperscalers bottlenecking upstream photonics confirmation validation… on all fronts from pricing, demand, to supply shortages.
My personal expectation was that price hikes would keep going up like $SNDK given ramping optical demand.
We’ll see if this turns out right given another 2 years of the demand curve.