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FITCH says Thailand's sovereign credit outlook is moving toward stable and banks retain adequate buffers.

2026-09-30

FITCH says Thailand's sovereign credit outlook is moving toward stable and banks retain adequate buffers.

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2026-09-30

CITIC Securities says thermal management for optical modules is shifting from a supporting component to a performance-determining factor as 800G volumes scale and 1.6T enters its initial volume year, raising per-module power and temperature-precision

CITIC Securities says thermal management for optical modules is shifting from a supporting component to a performance-determining factor as 800G volumes scale and 1.6T enters its initial volume year, raising per-module power and temperature-precision requirements. Thermal solutions are evolving into a three-tier stack: chip-level precise temperature control (Micro-TEC plus ceramic-substrate heatsink), interface heat conduction (TIM gels and graphene pads), and module-level heat spreading (VC spreaders/cold plates). Per-module thermal content and pricing are rising with speed upgrades, and CPO/NPO architectures that colocate optical engines and switching ASICs increase same-domain cooling demand, supporting simultaneous volume and price growth across the supply chain. Core components such as TECs and ceramic substrates have been dominated by Japanese suppliers; domestic Chinese players are accelerating breakthroughs, leaving substantial onshore substitution potential. CITIC highlights three investment themes: TECs and ceramic substrates; TIMs and graphene thermal materials; and VC spreaders plus liquid-cooling structural parts.
2026-09-30

Federal Reserve Governor Barr: I don’t think we can achieve our 2% inflation target in time unless we adjust our policy.

Federal Reserve Governor Barr: I don’t think we can achieve our 2% inflation target in time unless we adjust our policy.
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