External broker reports(aggregated public sources), CMB International

CMB International

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Hong kong Industrials / Thematic (Sector/Industry)

<ul><li>The Optical Fiber Communication Conference and Exposition (OFC) 2026 reinforced a broader structural shift: AI-driven scaling is forcing a re-architecture of data center interconnects across both optical and electrical domains.</li><li>The conference highlighted continued debate around CPO vs. pluggable optics, emergence of intermediate architectures like LPO/NPO, new form factors like XPO, and increasing attention on optical circuit switch (OCS) as a complementary layer.</li><li>Rather than converging on a single solution, the industry is clearly expanding the interconnect toolkit to address different constraints across scale-up, scale-out, and system-level efficiency. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The Optical Fiber Communication Conference and Exposition (OFC) 2026 reinforced a broader structural shift: AI-driven scaling is forcing a re-architecture of data center interconnects across both optical and electrical domains.The conference highlighted continued debate around CPO vs. pluggable optics, emergence of intermediate architectures like LPO/NPO, new form factors like XPO, and increasing attention on optical circuit switch (OCS) as a complementary layer.Rather than converging on a single solution, the industry is clearly expanding the interconnect toolkit to address different constraints across scale-up, scale-out, and system-level efficiency. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Semiconductors - Key takeaways for OFC 2026