In short: Cited as evidence, not a stance — on a call, the photonics company's investor-relations contact volunteered that copper "has a lot more room to go to the upside"; to him, even AI component makers flagging copper as a cost risk confirms the copper call.
59:05Well, I'm pretty sure I won't say anything they didn't disclose, but usually they don't say things that they don't disclose, but Lumentum, the company, it's a big photonics company. The IR girl told us that, we asked her about is copper a risk for your company because you need to be supplied about it and she came out with yeah I think copper has a lot of more room to go to the upside and we were like okay so now even the IR person at big companies like this of photonics are
In short: A policy beneficiary reporting this week: the Trump administration is drafting a ban on US imports of new Chinese data-center components, and "the proposed FCC rule expected this year aims to prevent espionage, malware, and supply chain risks. The move could hit China's Zhongji Innolight, which benefits U.S. rivals such as Coherent and Lumentum, which is interesting."
Lumentum makes the optical components that move data around inside data centres at light speed. The reason it comes up is policy: the administration is drafting a rule, expected via the FCC this year, banning imports of new Chinese data-centre components on espionage and supply-chain grounds.
If that lands, the main Chinese supplier of these parts — Zhongji Innolight — loses access to the US market, and the volume has to go somewhere. Lumentum and Coherent are the two American companies named as the direct beneficiaries.
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