「New Stock God」 Serenity: Sivers May Become a Key Bottleneck and 'Chokepoint' in the CPO Industry

BlockBeats News, June 4th, the "New God of Stocks" Serenity published an article analyzing that with the Co-Packaged Optics (CPO) technology expected to enter a large-scale deployment phase in the second half of 2027, Sivers Semiconductors (SIVE) may play a dual role as an industry bottleneck and a key node.

It pointed out that Continuous Wave (CW) laser supply has shown signs of tightening. Due to the impact of previous NVIDIA-related orders, capacity at Japanese companies Sumitomo Electric, Furukawa Electric, and Win Semi has been highly saturated. By leveraging a fab-lite model and securing capacity in advance at foundries like Win Semi, Sivers has effectively secured a significant portion of the final supply of CW lasers.

The analysis believes that various CPO routes, including those of Ayar Labs, Jabil, Marvell Celestial, and other hyperscale cloud vendors' ASIC projects, are highly dependent on Sivers' laser solutions. In the short term, there is a lack of mature alternatives, establishing its position as a structural "bottleneck" in the entire ecosystem.

Furthermore, Sivers is also the default reference laser design for GlobalFoundries, with ecosystem participants including AMD and several other CPO chip suppliers. Apart from vertically integrated companies like NVIDIA and Broadcom, most ASIC and commercial CPO projects are likely to revolve around Sivers.

Serenity expects that as the CPO market size is projected to grow from near zero to $81 billion to $91 billion in the next year and a half, Sivers is poised to replicate Lumentum's growth trajectory and could potentially grow into a company with a market capitalization of around $75 billion over the next few years. However, the above views are solely the personal judgment of market analysts.