原文：

原文：
Morgan Stanley note on CPO today. Key participants include:

- $SIVE, $COHR, and $LITE in laser supply
- Broadcom and Nvidia in switch platforms
- Lightmatter, Ayar Labs, Marvell/Celestial, and POET in optical engines and photonics,
- $TSM, $GFS, and $TSEM in silicon photonics foundry capacity

I’ve covered all of these before, like Tower Semi.

But I’m especially happy that Morgan Stanley validated my research that $SIVE is one of the critical global players in CPO.

A small $1.5B laser company next to your two leading $60B+ companies…

If you also synthesize Rosenblatt Securities recent note that China laser suppliers were quite far from having CPO lasers.

This kinda magnifies importance of the three Western leaders of that laser chokepoint.

翻译：
摩根士丹利今日发布了关于CPO的报告。主要参与者包括：

- $SIVE、$COHR和$LITE在激光供应领域
- Broadcom和Nvidia在交换平台领域
- Lightmatter、Ayar Labs、Marvell/Celestial和POET在光学引擎和光子学领域
- $TSM、$GFS和$TSEM在硅光子工艺能力领域

我之前已经介绍过这些公司，例如Tower Semi。

但是我特别高兴的是摩根士丹利验证了我的研究，即$SIVE是CPO领域的关键全球玩家之一。

一个小型的15亿美元激光公司，站在两个领先的600亿美元以上公司旁边……

如果你还考虑到Rosenblatt Securities最近的报告，中国的激光供应商在CPO激光方面还差得很远。

这更加凸显了这三个西方激光瓶颈领域的领导者重要性。