一文读懂：谷歌TPU芯片采用的OCS技术为何先进？中国光模块厂商持续受益_老虎社区_美港股上老虎

一文读懂：谷歌TPU芯片采用的OCS技术为何先进？中国光模块厂商持续受益

每日经济新闻2025-11-27

谷歌“新王”登场，粉碎AI泡沫论？AI四面楚歌之际，谷歌以“全栈王”的姿态出现，为算力设备投资再续命。谷歌 GEMINI3.0大模型和 TPU芯片两大杀手锏的推出，意义重大。意味着谷歌不仅在推理、多模态和Agent（智能体）平台三条主线上同时实现了代际式跃迁，而且验证了算力领域的Scaling Law（规模法则）依然有效。也就是说：AI产业趋势仍然在螺旋式上升，算力投入“随规模提升，模型相应...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

暂无评论

热议股票

7x24

全部

{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/2586213343?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2025-11-27 11:28","share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","id":"2586213343","market":"us","top_or_hot":-1,"title":"一文读懂：谷歌TPU芯片采用的OCS技术为何先进？中国光模块厂商持续受益","media":"每日经济新闻","content":"<div>\n<p>谷歌“新王”登场，粉碎AI泡沫论？AI四面楚歌之际，谷歌以“全栈王”的姿态出现，为算力设备投资再续命。谷歌 GEMINI3.0大模型 和 TPU芯片 两大杀手锏的推出，意义重大。意味着谷歌不仅在推理、多模态和Agent（智能体）平台三条主线上同时实现了代际式跃迁，而且验证了算力领域的Scaling Law（规模法则）依然有效。也就是说：AI产业趋势仍然在螺旋式上升，算力投入“随规模提升，模型相应...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251127113101a4bd1ffd&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>一文读懂：谷歌TPU芯片采用的OCS技术为何先进？中国光模块厂商持续受益</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n一文读懂：谷歌TPU芯片采用的OCS技术为何先进？中国光模块厂商持续受益\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-27 11:28 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251127113101a4bd1ffd&s=b><strong>每日经济新闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>谷歌“新王”登场，粉碎AI泡沫论？AI四面楚歌之际，谷歌以“全栈王”的姿态出现，为算力设备投资再续命。谷歌 GEMINI3.0大模型 和 TPU芯片 两大杀手锏的推出，意义重大。意味着谷歌不仅在推理、多模态和Agent（智能体）平台三条主线上同时实现了代际式跃迁，而且验证了算力领域的Scaling Law（规模法则）依然有效。也就是说：AI产业趋势仍然在螺旋式上升，算力投入“随规模提升，模型相应...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251127113101a4bd1ffd&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2098885051.SGD","symbol_name":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251127113101a4bd1ffd&s=b","article_id":"2586213343","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251127113101a4bd1ffd&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2586213343","pubTimestamp":1764214095,"columns":[],"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"谷歌 GEMINI3.0大模型 和 TPU芯片 两大杀手锏的推出，意义重大。值得一提的是，谷歌第七代TPU芯片采用的OCS技术创新，是成本压缩的关键，价格低至英伟达GPU芯片的1/5，但在特定场景下拥有更强的推理计算能力，因而也受到Meta等大客户的青睐，又为谷歌带来新的增长极。过去5年间，谷歌在OCS技术上投入了5亿至10亿美元，堪称OCS交换机领域的先驱。OCS技术会替代光模块CPO吗？","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","BK4598":"佩洛西持仓","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU1880398471.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) ACC","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","LU2097344357.USD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (USDHDG) ACC","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU2404859667.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) ACC","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU1069344957.HKD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (HKD) INC","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU0251142724.SGD":"Fidelity America A-SGD","LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","LU2764262908.HKD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (HKD) ACC","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","USJW.SI":"ALPHAB 3xLongSG261006","LU0557290698.USD":"施罗德环球可持续增长基金","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","BK4587":"ChatGPT概念","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0985320562.USD":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","LU1935042991.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (SGDHDG) INC","LU0072462426.USD":"贝莱德全球配置 A2","LU1261432733.SGD":"Fidelity World A-ACC-SGD","GOOG":"谷歌","LU2764263039.SGD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (SGDHDG) ACC","LU0079474960.USD":"联博美国增长基金A","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU2242649171.HKD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (HKD) ACC","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","OCS":"Oculis","LU0882574139.USD":"富达环球消费行业基金A ACC","GOOGL":"谷歌A","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC"},"translate_title":"Read this article: Why is the OCS technology used in Google's TPU chip advanced? Chinese optical module manufacturers continue to benefit","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GOOG":1.5,"USJW.SI":0.6,"GOOGL":1.5,"OCS":1.5},"content_text":"谷歌“新王”登场，粉碎AI泡沫论？AI四面楚歌之际，谷歌以“全栈王”的姿态出现，为算力设备投资再续命。谷歌 GEMINI3.0大模型 和 TPU芯片 两大杀手锏的推出，意义重大。意味着谷歌不仅在推理、多模态和Agent（智能体）平台三条主线上同时实现了代际式跃迁，而且验证了算力领域的Scaling Law（规模法则）依然有效。也就是说：AI产业趋势仍然在螺旋式上升，算力投入“随规模提升，模型相应继续上行”的经验规律并未打破，“全栈式”生态集成也在缩短“资金投入-智能验证-盈利回报”的时间差，而这些正是“AI泡沫论”的核心担忧。值得一提的是，谷歌第七代TPU芯片采用的OCS技术创新，是成本压缩的关键，价格低至英伟达GPU芯片的1/5，但在特定场景下拥有更强的推理计算能力，因而也受到Meta等大客户的青睐，又为谷歌带来新的增长极。OCS先进在哪儿？OCS技术全称（Optical Circuit Switching）， 也叫“光学电路交换”，不同于传统交换机，这个技术的先进之处在于：光纤信号进入交换机后，直接光路交换，无需做光电转换。光网络从传统“连接”功能，向智能“交换”功能演进，有效解决了传统电交换带宽瓶颈和功耗问题。光交换除了功耗低、成本低，同时还有这些优势：低时延、低网络代价、低硬件成本、路由可重配、易于集群布局。过去5年间，谷歌在OCS技术上投入了5亿至10亿美元，堪称OCS交换机领域的先驱。OCS技术会替代光模块CPO吗？OCS并非对CPO等光电交换方案的替代，而是代表着光通信技术的进一步扩散与下沉，其技术优势和客户积累将从传统的“光连接”延伸至“光交换”。如英伟达在OCP EMEA 2025大会上所言，当前光交换机的制造成本仍显著高于电交换机，当两个方案（CPO光模块和OCS光交换）配合起来，功耗才可以进一步降低。这与国内算力链有何关系呢？A股有不少算力设备上市公司，此前不仅为英伟达供货光模块产品，也与其他海外云厂商及AI芯片龙头建立了长期、深度的战略合作关系。因此光模块龙头厂商在高速率领域积累的精密制造经验（400G800G1.6T，将迈向3.2T），可迁移至OCS相关产品的生产制造，并且在规模化生产方面，能够保障稳定性、优良率和经济性，“强者恒强”的局面将继续。因此，如今在谷歌TPU芯片拓宽市场份额的阶段，A股算力设备上市公司也有望继续分食其增量需求。具体来看，国内光模块龙头厂商已深度介入OCS业务和谷歌供应：-中际旭创：谷歌光模块主供应商，海外子公司TeraHop推出硅光子OCS交换机；-长芯博创：谷歌链光器件供应商；-腾景科技：OCS主要产品种类较多，且在多种方案都有应用；-德科立：iPronics联合研发制造光波导方案 OCS；-光库科技：收购武汉捷普，具有OCS业务；-炬光科技：提供NXN大透镜、精密设计V型槽阵列等产品；-赛微电子：MEMS-OCS境内外产线分别服务于境内外知名客户，具有多年经验；-光迅科技：OFC2024创新推出MEMS系列最新产品OCS。（注：上述部分个股为5G通信ETF、创业板人工智能ETF华夏等ETF持仓股，不作为个股推荐。）行业主题ETF密集待发，增量资金入场？11月中下旬以来，人工智能领域有数十只细分行业ETF密集获批，成份股覆盖人工智能核心算力设备（含上述提及个股），获批后接下来就是发行、募集、上市。这表明，监管践行“资本市场支持科技创新”的精神，持续引导资金投资于A股硬科技优质公司，也为AI科技主线投资提供了非常积极的信号，在拥挤度和止盈情绪释放后，仍然可以逢低积攒筹码。增量资金在望，如何抢占先机？建议关注早已上市、流动性较优的5G通信ETF（2019年9月上市）、创业板人工智能ETF华夏（2025年3月上市），当前逢低布局，避免后期追高后的波动风险。5G通信ETF、创业板人工智能ETF华夏分别跟踪中证5G通信主题指数和创业板人工智能指数，持仓股有部分重叠（都覆盖中际旭创、新易盛等），但权重分布略有差异。其中，创业板人工智能ETF华夏持仓股全部为创业板上市公司，龙头公司权重更集中，因此弹性更大，ETF涨跌幅上下限为±20%：5G通信ETF 前十大持仓股：中际旭创、新易盛、立讯精密等创业板人工智能ETF华夏前十大持仓股：中际旭创、新易盛、天孚通信、协创数据等（截至2025.11.26，不作为个股推荐）转自@华夏ETF参考资料来源：国盛通信等公开研报，部分观点引用不代表华夏基金官方立场。 市场有风险，投资需谨慎。每日经济新闻","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}