---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000857925.md"
description: "GF Securities: CPO/NPO UpdateNVIDIA Spectrum-X CPO Scale-OutProduction Status: Spectrum-X Co-Packaged Optics (CPO) switches for scale-out networking have officially entered mass production.Volume Forecasts:2026E: 15,000 units2027E: 100,000 unitsSupply Chain Ramp: TSMC has expanded CPO inspection equipment capacity—specifically adding Insertion 2/3 capacity—alongside supply chain progress in Fiber Array Units (FAU), shuffle boxes, and system assembly.Rubin Ultra Scale-Up Architecture & Optical EnginesTray Design Options: Rubin Ultra is slated to adopt a 9-18-9 tray design, though mechanical challenges associated with the 0.75U height profile could drive a potential reversion to a 10-9-8 layout.Design Impact: Architectural shifts in tray layout will have no impact on the optical engine (OE).NVIDIA Platform OE Shipments:2027E: 6 million units2028E: 19 million unitsTotal Industry-Wide OE Shipments:2027E: 11 million units2028E: 40 million unitsAmazon Trainium 4 & NPO DeploymentAWS Consumption Projections:2H27E: 5 million OE units2028E: 12 million OE units (primarily 6.4T specifications)Configuration & Packaging: Trainium 4 is projected to feature 3 distinct configurations, with two configurations expected to adopt Near-Package Optics (NPO).$Amazon(AMZN.US) $NVIDIA(NVDA.US)"
datetime: "2026-08-17T16:17:00.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000857925.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000857925.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000857925.md)
author: "[Equity research](https://longbridge.com/en/profiles/2071818324550963200.md)"
generator: "portal-rs"
---

# GF Securities: CPO/NPO UpdateNVIDIA Spectrum-X CPO…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**