LPKLPKF Laser & Electronics AG

LPK may benefit from glass core substrate exposure, similar to SOI's position as a chokepoint.

Investing in EU small caps like ALRIB, LPK, and SIVE to prevent hostile actors from taking over critical supply chain chokepoints needed by America.

Sivers (SIVE) and LPKF Laser (LPK) are positioned for emerging technological shifts in CPO/glass substrates expected around 2027. Sivers is underappreciated for its role in CPO/1.6T optical transceivers, while LPKF holds a key chokepoint in glass core substrates at a low valuation.

Bullish on AI infrastructure plays: SIVE for CPO/1.6T lasers, LPK for glass core substrates, HPS.A and SOI for optical test/packaging, driven by CPU bottleneck and AI inference demand from earlier thread context.

European monopolies like LPK (Glass Core Substrates) and ALRIB (Quantum/MBE) are performing well and tend to command higher multiples, indicating a bullish outlook.

LPK holds a monopoly chokepoint in glass substrates for advanced packaging and CPO, with momentum ramping up as a customer collaboration for mass-production equipment signals transition from qualification to high volume.

LPK is a monopoly chokepoint in glass core substrates for advanced packaging and CPO applications, benefiting from the next wave of packaging technology.

LPK has a functional monopoly on laser induced deep etching for glass substrates, which are the next advanced packaging wave, providing pure play exposure without the drag of SKC or INTC.

LPKF is a long-term play on 2027 LIDE glass core substrate mass production; current earnings are irrelevant as seen with AEHR.

The stock is in qualification stage, so revenue miss is not concerning. Need to wait for earnings call; if negative, then panic is justified.

LPK earnings confirm volume ramp for glass core substrates starting H2 2026, not included in forecasts, making the earnings objectively terrible but actually positive for future growth.

LPK dominates a chokepoint and is qualifying with almost every semi, but the volume ramp from semi companies is uncertain.

Markets validating previous thesis on silicon photonic substrates and glass core substrates as SOI and LPK rise.

Upstream suppliers like LPK are more derisked than SKC.

LPK is the favorite exposure in glass core substrates as it supplies to everyone; SKC is the lowest market cap leader; HB may piggyback on SKC's success.

LPK is a key supplier of glass substrate machines for the upcoming supercycle, with high gross margins and potential revenue of €400M-€1B+ from just 5 customers by 2027.

Recent semiconductor developments indicate bullish opportunities across multiple tickers: Intel benefits from Apple shift, Micron from memory tightness and price increases, TSM from revenue growth, NBIS from compute demand, LPK from glass substrate acceleration, and SanDisk from NAND price rise.

Glass substrate shift over next 6 months

Post presents bullish theses on four photonics/advanced packaging plays: SIVE (CW laser supplier, expected to become next LITE), LPK (glass substrates, pure exposure, upcoming volume ramp), AAOI (largest US photonics supply chain, 1.6T wave), IQE (critical epiwafer supplier, bottlenecked, undervalued). All are long-term holds due to the photonics supercycle and AI scaling.