New Third Board Optical Module Companies

Emerging optical module companies in China, including startups and high-speed transceiver specialists, are driving innovation in 400G–800G modules and silicon photonics, with several positioned for New Third Board (NEEQ) listing. Leading and Emerging Companies1. Innolight – A global leader in high-speed optical modules, Innolight focuses on 100G, 200G, 400G, and 800G modules for cloud data centers and telecom networks.

The company integrates R&D, design, packaging, and testing, providing solutions for 5G fronthaul, midhaul, and backbone networks, and reported over $3. 3 billion in revenue in 2024 with record profitability. 2.

Eoptolink – Specializing in high-speed optical modules, Eoptolink has grown rapidly, achieving 175% revenue growth in 2024. The company focuses on Ethernet transceivers and serves major cloud and telecom operators in China. 3.

Accelink Technologies – A vertically integrated supplier covering chips, modules, and subsystems. Accelink develops optical chips (PLC, III-V, SiPh) and high-end optical modules, supporting telecom and data networks globally. 4.

Suzhou TF

C Optical Communication – Provides optical devices and high-speed optical engines for 200G/400G/800G modules.

TF

C emphasizes vertical integration and mass production of high-speed optical engines for 5G and data centers. Notable Startups and Innovation Players1. Akhetonics – German startup developing all-optical general-purpose processors for AI nodes, integrating optical memory and processing to reduce power and design costs.

2.

EDWATE

C – Swiss startup specializing in rare-earth ion-doped photonic integrated circuits, enabling compact, scalable optical amplifiers and lasers for silicon photonics systems. 3. Effect Photonics – Dutch company focusing on low-power, tunable lasers and 100ZR DSP solutions for coherent optical interconnects, aiming to compete with established DSP providers.

These startups are often in stealth mode but represent high-growth potential in optical modules and silicon photonics, making them likely candidates for New Third Board listing or strategic partnerships.

Industry Trends

The optical module market is expanding rapidly, projected to grow from $10. 5 billion in 2021 to $24. 7 billion by 2027, driven by 400G–800G modules, 5G deployment, and data center scaling.

Companies are investing in high-speed PCBs, silicon photonics, and co-packaged optics (CPO) to meet the demands of next-generation optical modules. Vertical integration, from optical chips to modules, is a key competitive advantage, as seen in Accelink and TFC.

Conclusion

For investors or partners interested in New Third Board optical module companies, the focus should be on high-speed module specialists and innovative startups like Innolight, Eoptolink, Accelink, TFC, Akhetonics, EDWATEC, and Effect Photonics. These companies are driving technological advancements in 400G–800G modules, silicon photonics, and optical interconnects, positioning them for growth in China's optical communication market.