ENTITY · applied_opto
Applied OptoelectronicsAAOI
United States·photonics optics·niche·$13.0B mkt cap
Optical transceiver and component maker.
CLEAR · 0–39
36/100 illustrative
Underwriting Thesis
CLEAR — Applied Optoelectronics: criticality to DoD-exposed downstream programs compounded by sole-source / single-point-of-failure dominance in photonics optics. A chokepoint underwriting concern at this tier.
Factor Breakdown
Foreign-Origin Concentration3
Sole-Source Dependence49
Sanctions Exposure45
Downstream Criticality60
Sanctions Exposure
Entity not present on tracked screening lists (CSL).
DoD Exposure
No matched DoD semiconductor awards (USASpending) for this entity.
Shortest paths → DoD-exposed firms
- Scale AI · 2 hops · $105.6MApplied Optoelectronics → Microsoft → Scale AI
- GlobalFoundries · 3 hops · $1.05BApplied Optoelectronics → Broadcom → Furukawa Electric → GlobalFoundries
- Marvell Technology · 3 hops · $184.3MApplied Optoelectronics → Broadcom → InnoLight Technology → Marvell Technology
- Valens Semiconductor · 4 hops · $28.3MApplied Optoelectronics → 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
- MicrosoftUnited StatesDOMESTIC
- BroadcomUnited StatesDOMESTIC
- NVIDIAUnited StatesDOMESTIC
- Arista NetworksUnited StatesDOMESTIC
- Cisco SystemsUnited StatesDOMESTIC