原文：
Serenity 白毛女-中文翻译（公开）
Serenity 白毛女-中文翻译（公开）
原文：
I personally think $SIVE can be the next $LITE.
In the past few months alone, we've seen:
1. Partnerships with O-Net pushing ELS into mass production
2. $JBL 1.6T LRO mass production signals with "relatively dramatic moats" for pluggables using Sivers.
3. $GFS SCALE reference level laser for hyperscalers with pluggable, NPO, CPO.
-> -> where $AMD and others went to GFS for CPO.
4. Ayar, which joined $NVDA NVLink for CPO
-> -> which removed Lumentum/Macom from their website and likely made Sivers their primary laser supplier.
-> -> AlChip likely Trainium win from Amazon price placement (Ayar's customer)
-> -> GUC rack level design in with Ayar.
-> -> Raised $500m for mass production by AMD, Alchip, Mediatek, and NVIDIA
5. ~ $AEVA starting HVM H2 2026.
6. $POET starting HVM H2 2026 with hyperscaler suppliers like Lumilens ("top 3 hyperscaler initial customer")
7. TFLN + $SIVE CW Lasers with Lightium
8. Likely direct relationships with $MRVL Celestial and CPO players like Lightelligence/Lightmatter.
9. Multiple new undisclosed relationships for pluggables following Jabil in their quarterly transcripts
With new Trendforce reports that $AMD and other hyperscalers are trying to source LTAs for CW laser sources, serving as a direct catalyst for independent CW sources.
So when hyperscaler suppliers from Jabil to O-Net are incentivized to mass produce as many as they can: That's very material for revenue for Sivers relative to current valuations, and it looks like just a waiting game.
Even in the past week:
- $SIVE raised an oversubscribed institutional round for volume ramp... This is very nuanced since Sivers is fab-light so it's not going to in-house foundry capex to scale. Likely toward Win Semi and others (they mentioned other partners too), for laser scaling + foundry allocations.
So this is likely signaling material for revenue ramp is coming.
- Sivers
I personally think $SIVE can be the next $LITE.
In the past few months alone, we've seen:
1. Partnerships with O-Net pushing ELS into mass production
2. $JBL 1.6T LRO mass production signals with "relatively dramatic moats" for pluggables using Sivers.
3. $GFS SCALE reference level laser for hyperscalers with pluggable, NPO, CPO.
-> -> where $AMD and others went to GFS for CPO.
4. Ayar, which joined $NVDA NVLink for CPO
-> -> which removed Lumentum/Macom from their website and likely made Sivers their primary laser supplier.
-> -> AlChip likely Trainium win from Amazon price placement (Ayar's customer)
-> -> GUC rack level design in with Ayar.
-> -> Raised $500m for mass production by AMD, Alchip, Mediatek, and NVIDIA
5. ~ $AEVA starting HVM H2 2026.
6. $POET starting HVM H2 2026 with hyperscaler suppliers like Lumilens ("top 3 hyperscaler initial customer")
7. TFLN + $SIVE CW Lasers with Lightium
8. Likely direct relationships with $MRVL Celestial and CPO players like Lightelligence/Lightmatter.
9. Multiple new undisclosed relationships for pluggables following Jabil in their quarterly transcripts
With new Trendforce reports that $AMD and other hyperscalers are trying to source LTAs for CW laser sources, serving as a direct catalyst for independent CW sources.
So when hyperscaler suppliers from Jabil to O-Net are incentivized to mass produce as many as they can: That's very material for revenue for Sivers relative to current valuations, and it looks like just a waiting game.
Even in the past week:
- $SIVE raised an oversubscribed institutional round for volume ramp... This is very nuanced since Sivers is fab-light so it's not going to in-house foundry capex to scale. Likely toward Win Semi and others (they mentioned other partners too), for laser scaling + foundry allocations.
So this is likely signaling material for revenue ramp is coming.
- Sivers
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