24 Jun 2026 06:10:55 ET │ 40 pages China Communications Infrastructure AI Optics in Structural Upcycle CITI'S TAKE The AI infrastructure buildout is triggering a structural upcycle in optical interconnects, with the global optical interconnects market projected in our model to reach US$92bn by 2028E — a 65% three-year CAGR. Datacom should dominate at 89% of shipments, led by 800G and 1.6T transceivers growing at 31% and 215% shipment CAGRs, respectively. CPO/NPO shipments should emerge from 2027E, reaching ...