)
-> Keep their Glasgow InP fab for in-house testing for iteration/raw epitaxial.
-> Outsource lithography, etching, etc. stuff to Win Semi + others (don't do capex heavy things yourself)
-> Then just
And Poof.
You have a independent, mass producible, high margin, ELS module as ELSFP becomes standard.
Then they can do other stuff like buying DSP designs and start consolidating the tech stack.
Instead of cheap $10 laser dies x 6 for a $50-$100 laser array, you have $400 hot swappable modules.
Basically their starting point is owning one of the chokepoints moat in photonics on the laser level...
Then they can go downstream like what
$LITE
did with EML and optical transceivers.
TLDR:
Sivers (
) holds a rare, independent chokepoint in InP lasers at the exact moment the world is transitioning to CPO.
There's only a few independent companies in the world that can do this like
