Victory Giant to Expand mSAP Capacity as 1.6T Optical Module Orders Stay Full

The signal here is less about capacity than about where AI-datacenter demand is now landing: at the high-density PCB layer that 1.6T optical modules depend on, not just at the module assemblers. A full mSAP order book at a Chinese supplier suggests the 1.6T transition is being pulled through the component chain rather than sitting in design stages. The open question is whether Victory Giant's expansion is matched by comparable moves among peers, which would indicate a structural capacity race rather than one supplier's tightness.