CITIC Securities has noted that the burgeoning demand for AI computing power has spurred a significant uptick in both the volume and speed enhancements of optical module terminals. This, in turn, has fueled a swift escalation in the demand for analogous chips associated with these modules. Overseas frontrunners in the industry have issued optimistic forecasts, anticipating that the global market for optical module analog chips will surpass RMB 10 billion by 2026. Presently, the market is predominantly led by overseas entities; however, the trend towards import substitution is gaining momentum. Beginning in 2026, the optical module ventures of domestic leading analog companies are poised for rapid expansion, heralding substantial growth in their financial performance.