原文：

原文：
$LITE CEO Michael Hurlston at the RAISE Summit warned that the supply gap for InP lasers for AI DCs:

Is facing a more severe supply chain crisis than memory.

And with Lumentum's 5 InP fabs, shipments would be more than 30%+ below customer demand.

This is especially visible with EMLs today but is already expanding to CW, especially as CPO ramps.

I've always been a fan of the laser chokepoint + bottleneck from $AAOI, $SIVE, $LITE, and $COHR. And glad this thesis is starting to see validation.

翻译：
$LITE CEO Michael Hurlston 在 RAISE Summit 上警告，AI 数据中心的 InP 激光器供应缺口：

面临的供应链危机比内存更为严重。

而且凭借 Lumentum 的 5 个 InP 代工厂，出货量将比客户需求少 30%+。

这在今天的 EML 中尤其明显，但随着 CPO 的扩张，已经开始扩展到 CW。

我一直是激光瓶颈论的粉丝，$AAOI、$SIVE、$LITE 和 $COHR 都是相关公司。很高兴看到这个观点开始得到验证。