NeutralGFSGLOBALFOUNDRIESGLOBALFOUNDRIESJBLJabilJabil

4d ago on

I analyzed a podcast featuring the CEO of $SIVE. Here’s what I learned. In the AI optics sector, it won’t be just the best laser that wins out, but the formula "Technology + New Capacity." Vikram Vatulia’s presentation at EE Times confirms this: Sivers is transforming from a niche R&D developer into a scalable industrial player. Key takeaways for investors: A shift in the production model: A shift away from a fab-light strategy (10% of its own capacity) toward a 1:2 ratio based on the expansion of the Glasgow factory and external foundries. Amid an acute shortage of CW lasers, in-house capacity and the geopolitical stability of the supply chain (from substrates to epitaxy) are a decisive advantage. Pragmatic monetization: SIVE isn’t betting everything on the distant CPO, but is capturing the 1.6T–6.4T transition market right now through LPO, LRO, NPO, and SOA architectures. Catalysts for the end of Q4 2026: Entry into the beta assembly phase for LRO transceivers with $JBL, the launch of mass production in Glasgow for a strategic LiDAR client, and completed silicon-photonics reference designs with $GFS. My conclusion: The market, out of habit, views SIVE as a small R&D project, overlooking the readiness of its manufacturing base at the intersection of three supercycles (AI, Satcom, Defense). The conversion of Jabil’s beta tests and the Glasgow factory into mass-production contracts will inevitably trigger a fundamental re-rating of the stock.

GFSGLOBALFOUNDRIESNeutralGLOBALFOUNDRIES

1w ago on

Question: Does $GFS mention its partner $SIVE in its Q3 2026 report? Answer: No! There is no direct mention of SIVE in GFS’s Q3 2026 Form 6-K itself, but the SiPh figures disclosed in the report are a powerful bullish signal for Sivers. The main driver of the quarter was explosive growth in the Data Center segment, up 80.6% Y/Y (to $316M) (p. 25 of Form 6-K). Management explicitly states that this surge was driven by demand for SiPh and SiGe networking solutions (p. 26 of Form 6-K). Along with the acquisition of optical assets from AMF ($453M) and InfiniLink ($48M), as well as the allocation of $955M under the CHIPS Act for fabs in Malta and Burlington, GFS is aggressively scaling up its photonics business. Since Sivers’ laser arrays are integrated into GFS’s SiPh ecosystem, this boom brings SIVE closer to securing large-scale production orders.

GFSGLOBALFOUNDRIESBullishGLOBALFOUNDRIESMPWRMonolithic Power SystemsNeutralMonolithic Power SystemsMRVLMarvellNeutralMarvellTSMTSMCNeutralTSMC

1w ago on

$SIVE’s strategic partner, $GFS, reported its results for Q3 2026. The $270M loss is nothing to worry about, as the company continues to develop critical U.S. AI infrastructure. The paper loss is due to a one-time non-cash write-down ($441M) resulting from a stock issuance to U.S. government agencies. Operationally, the business is at its peak: a record gross margin of 31.4%, revenue of $1.9B, and net income of $298M. The fundamental shift lies in the evolution of the business model: - Partnership with $TSM ($2B): localizing in the U.S. the production of scarce silicon interposers for CoWoS packaging. - U.S.–Japan initiative ($21 B): managing two new fabs on a commission basis — a smooth transition to an asset-light model without overburdening its own CapEx. - Expansion into AI: contracts for silicon photonics with $MRVL and power management chips with $MPWR. GFS is evolving beyond the status of a mature contract foundry, transforming into a geopolitically secure AI asset with a dividend yield ($0.12 per share). This is a positive factor in building the fundamentals for SIVE’s scaling.