Driven by technology companies scrambling to build high-speed AI data centers, Lumentum Holdings Inc.'s optoelectronic device production capacity has almost all been sold out, with orders covering 2029. Earlier this year, Nvidia invested $2 billion each into Lumentum and its competitor Coherent. The company specializes in advanced indium phosphide devices to support high-speed cloud computing and data transmission services. Michael Helston, CEO of Lumentum, headquartered in San Jose, California, said in an interview in Tokyo on Friday that some products will still be unable to meet about 70% of demand next year, while others will still have a 30% demand gap by 2028. Helston previously stated that the optical component manufacturer's production capacity is expected to be sold out in 2028. Helston said, “We are doing our best to catch up and expand production as quickly as possible, but there is still a huge gap compared to customer needs. We have sold out all of our production capacity, and we can't see a point where supply and demand are balanced.”

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