ENTITY · innolight
Deal-Killer · Procurement Veto
InnoLight Technology is itself sanctioned (NDAA-1260H).InnoLight Technology300308
China·photonics optics·leader·$225.5B mkt cap
Leading optical transceiver maker for AI data centers.
CRITICAL · 70–100
76/100 illustrative
Underwriting Thesis
CRITICAL — InnoLight Technology is itself sanctioned (NDAA-1260H). A sanctioned node in the immediate supply path is a binary procurement risk that overrides all favorable factors.
Factor Breakdown
Foreign-Origin Concentration70
Sole-Source Dependence73
Sanctions Exposure100
Downstream Criticality60
Sanctions Exposure
NDAA-1260H
DoD Exposure
No matched DoD semiconductor awards (USASpending) for this entity.
Shortest paths → DoD-exposed firms
- Marvell Technology · 1 hop · $184.3MInnoLight Technology → Marvell Technology
- Scale AI · 2 hops · $105.6MInnoLight Technology → NVIDIA → Scale AI
- GlobalFoundries · 3 hops · $1.05BInnoLight Technology → Broadcom → Furukawa Electric → GlobalFoundries
- Valens Semiconductor · 4 hops · $28.3MInnoLight Technology → Broadcom → Furukawa Electric → TSMC → Valens Semiconductor
Possible substitutes · same commodity buckets
Chokepoint Relationships
Key Suppliers · upstream · 3
- CoherentUnited StatesDOMESTIC
- Lumentum HoldingsUnited StatesDOMESTIC
- BroadcomUnited StatesDOMESTIC
Key Customers · downstream · 5
- NVIDIAUnited StatesDOMESTIC
- BroadcomUnited StatesDOMESTIC
- Marvell TechnologyUnited StatesDOMESTIC
- Arista NetworksUnited StatesDOMESTIC
- Cisco SystemsUnited StatesDOMESTIC