Serenity, the "New Stock God," Interprets SIVE's Financial Report Phone Conference: Rapid Growth of Photonics Pipeline, Capacity Expansion, and Increased Order Volume Expectations BlockBeats News: On May 30th, the "new stock god" Serenity published an analysis stating that its interpretation of Sivers Semiconductors' earnings conference call is "significantly biased", believing that the company's growth logic is shifting from the customer verification stage to the capacity and supply constraint stage. In terms of customers and orders, the post mentioned that Jabil's plug-in cooperation is driving more demand for optical transceiver modules, and potential beneficiaries may include optical module manufacturers such as Innolight and Eoptolink. In terms of production capacity and supply chain, the post stated that in addition to cooperating with Win Semiconductor, the company is also promoting the development of additional laser production capacity and more partners, citing management's statement that "more details will be disclosed to the market when the time is ripe". The poster believes that this means that capacity constraints may be further alleviated. In terms of customer and order pace, the post quoted 'mass production orders from the main SATCOM customer are coming soon' and interpreted it as the space communication business entering a phase of high volume. In terms of capital and structural changes, the post mentioned that the company's dual listing on the US stock market is progressing smoothly, and suggested that a clearer timetable may be announced after the new board members are in place, while implying that the new board has experience in mergers and acquisitions and the US capital market. In terms of industry cycle judgment, the post pointed out that the management emphasized that "in the super cycle where demand far exceeds supply, treating ecological suppliers as competitors is a wrong idea", and believed that the demand in the field of photonics is still rapidly increasing. In terms of growth data, the company's photonics business pipeline has grown by approximately 77% in the past five months, becoming the main source of overall growth, and is believed to validate the expansion trend of the CPO (co packaged optics) and pluggable optical module tracks. Overall, this viewpoint suggests that Sivers Semiconductors' narrative is shifting from "customer and competition validation" to "supply constraints and capacity ramp up", and expects that with the CPO industry increasing volume after 2027, the revenue curve may show an accelerated growth trend. [Original link]