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Fly News Breaks for December 3, 2019
Dec 3, 2019 | 09:09 EDT
Rosenblatt analyst Jun Zhang noted that ZTE (ZTCOY) announced at the World 5G Convention in Beijing that they plan to procure 3 million 25G fronthaul optical modules in the first half of 2020. He also expects Huawei to begin ordering 5G related components this week, said Zhang, who views the procurement news as beneficial for Lumentum (LITE), Maxim (MXIM) and Macom (MTSI). HG Tech and Hisense hold the largest market share in China for supplying 25G fronthaul optical modules and both use lasers primarily from Lumentum and drivers primarily from Maxim and Macom, Zhang tells investors. He keeps a Buy rating on Lumentum and has no ratings on the two driver suppliers mentioned.
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