SIVE has a lot of room for imagination and is on the same track as Lite and Cohr. With a market value of only 1 billion yuan, it plans to go public on the US stock market. The code it can buy on IB is 2DG Ask the Gemini question 'Sive analyze the product's position in the business production lines of AI giants such as AMD, Nvidia, and the global market size of its products', and AI will answer it below. This company, which is highly anticipated in the AI infrastructure race in 2026 for its "External Light Source (ELS)" and "Co Encapsulation Optics (CPO)" technologies, has taken a prominent position in the business lines of giants such as NVIDIA and AMD, as well as an analysis of its global market size. 1、 Product core position: the driver of the "light engine" of AI clusters In the evolution of AI chips between NVIDIA and AMD, interconnect bandwidth (I/O) has replaced computing power itself as the biggest system bottleneck. Sive's products (mainly CW-WDM continuous wave laser lattice and RF beam forming chips) are at the following critical stages: 1. NVIDIA ecosystem: key variables for Scale up networks • Positioning: As Nvidia evolves from the Blackwell architecture to the next generation (such as Rubin or higher versions), traditional Pluggable Optics are transitioning towards CPO (Common Package Optics) due to power consumption and latency bottlenecks. Function: Sive's multi wavelength laser array serves as an ELS (External Light Source) placed outside the computing module, providing light to the silicon optical engine next to the switch or GPU through fiber optics. Logic: In the Scale up network of NVLink, the 1.6T and 3.2T optical transceiver modules developed by Sivers in collaboration with Jabil are the foundation for achieving low latency communication in clusters of 10000 or even 100000 cards. 2. AMD ecosystem: Chiplet interconnection and Infinity Fabric's photochemistry • Positioning: AMD heavily relies on Chiplet technology in the Instinct series (such as MI350/MI400). Function: As the interconnection distance crosses the board, Optical Interconnect becomes the only means to replace copper wire for transmitting Infinity Fabric signals. Logic: The laser array provided by Sive has extremely high wavelength stability and supports WDM (wavelength division multiplexing) technology, which is highly compatible with AMD's pursuit of low-power, high-density inter chip optical connectivity requirements. 2、 Global market size and demand space Sive's niche track is undergoing a transition from "edge research" to "mainstream infrastructure". 1. Core market of Silicon Photonics Estimated value for 2026: The global market size is approximately 4.03 billion US dollars. • Growth rate: The compound annual growth rate (CAGR) remains around 24% -25%. Sive's share: In the high barrier segment of ELS (External Light Source), Sive is one of the few commercial suppliers in the world that can provide CW-WDM MSA standards, forming a competitive relationship with Lumentum and Coherent. 2. Overall Effective Market (TAM) for AI Optical Interconnection According to reports from Goldman Sachs and related industries, it is predicted that by 2026-2028, the global AI optical communication network TAM will experience explosive growth from $15 billion to over $150 billion, driven by the expansion of AI clusters. Scale up proportion: The connection part used for "scale up" between chips and servers accounts for about 70% of the output value, which is the core application field of Sivers laser arrays.