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Semiconductor EngineeringDoubao · 实盘不做把握 7/10不做原因:无增量信息
北京时间·🕒 发布 15:01:01(美西 00:01)·⟳ 抓取 15:01:08 +7s·⚡ 决策 10-15 15:02:59 +1m51s·12.3 天前

Ayar Labs 与 GUC 联合发表 CPO 热协同仿真结果:3kW 封装下液冷方案可使光引擎稳定运行于 100°C 以下

这是一篇由合作双方高管署名的技术教育/PR 专栏,内容是静态功耗假设下的热仿真结果(风冷失败、液冷达标),不含产品发布、客户定点、订单、收入指引或量产时间表;Ayar Labs 未上市,GUC 无量化业绩增量,二阶 CPO/液冷标的只有模糊主题联想,缺乏因果敞口,不构成可交易事件。

📄 原文Semiconductor Engineering↗ 原文
Thermal Co-Simulation Testing Of Co-Packaged Optics
Ensuring optical engines can operate reliably alongside high-power AI processors in multi-chip packages. By Vladimir St…
不做 创意电子(GUC)(3443.TW)
技术专栏仅披露静态热仿真结果,无新订单、定点、量产或指引增量,对收入与市值无可量化影响,属行业叙事而非事件催化
不做 CPO/光模块/液冷主题标的(N/A)
文章无法落到任何上市公司的可验证敞口或需求增量,泛主题做多无 edge 且易与既有 CPO 板块 beta 混淆
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)

研究档案

结论摘要

Ayar Labs 与 GUC 公布的 CPO 热协同仿真仅证明液冷条件下技术可行,属静态仿真的工程验证,无商业里程碑与可量化公司敞口;直接主体之一未上市,故不做。

🔎 新鲜度:最早出现 2026-10-15 · 扩散 low · price-in 风险 low ↗

关键理由

  • 仿真验证消除 CPO 热稳定性疑虑属于行业长期叙事的边际确认,但文章自陈仍停留在静态功耗假设、动态负载仿真尚未进行,不构成需求或订单验证

主要风险

  • 若后续 hyperscaler 基于该方案宣布正式 CPO 部署或定点,主题股可能有情绪反应,但那属于另一独立催化,不应提前以本文作为入场依据

先例如何影响了这次决策

对本次决策的影响:确认本条不应产生交易腿,无需以先例数字支撑入场

方向:无可对照先例:技术验证/科普类专栏本身通常不产生可交易的个股价格反应,强行用 CPO 行业订单先例校准幅度属于错配

涨幅量级:无对齐先例,且事件无金额/订单量级,不设定 tp/sl

形态:不适用

工具执行结果 · 成功 1 · 降级 0 · 失败 0 · 取消 0
  1. search_processed_events 成功 stock_tools HTTP · 13 ms
    {"result": "search_processed_events:agent query=`ayar labs guc thermal co-simulation co-packaged optics teraphy | global unichip ayar labs cpo cowos-l cold plate 3kw | guc 3443 ayar labs optical engine xpu mcp thermal`;结构化索引覆盖完整 72 小时;旧记录兼容扫描近 0.0/72 小时、0 条本臂决策(完整),返回 0 条候选。未命中只表示这些 agent query 表达式没

原文全文

展开原文 · 7,595 字
Ensuring optical engines can operate reliably alongside high-power AI processors in multi-chip packages.
By Vladimir Stojanovic and Igor Elkanovich
The CPO revolution is at our doorstep. But transforming data center interconnects requires overcoming new challenges in architecture, power delivery, mechanical design, and thermal management. Of these, thermal management has emerged as one of the most critical areas for successfully deploying co-packaged optics (CPO) in hyperscale AI environments.
Thermal instability has been a concern for CPO technology. Ayar Labs and Global Unichip Corp. (GUC) jointly conducted thermal co-simulation of the advanced package design and determined the thermal floor map for the package and subsequent chiplets, including air- and liquid-cooled environments.
Since thermal stability has been raised as a concern for micro-ring-based CPO, we want to address it head-on. Our co-simulation data show that CPO can operate reliably within the thermal envelope of advanced multi-chip packages. We’re sharing these results to give hyperscalers the confidence to move forward with CPO deployments at scale.
Let’s start with the new multi-chip package (MCP) design that integrates Ayar Labs’ TeraPHY optical engines into GUC’s advanced packaging and ASIC workflow. The new XPU MCP design replaces traditional electrical interconnects with Ayar Labs’ optical engines, which are attached directly to the MCP organic substrate. This architecture enables a full-duplex optical interface of more than 100 Tbps from the XPU package, an improvement of more than an order of magnitude over current XPUs.
UCIe-S provides bandwidth between the optical engines and the I/O chiplets over the MCP substrate. UCIe-A, on the other hand, is used for communication between the I/O chiplet and the main AI die over local silicon interconnect (LSI) bridges.
The scale of this design creates thermal challenges we must address. The complete package measures 105mm x 140mm, housing:
The +3 kW power envelope in a single package underscores the importance of thermal management and the need for optical engines to operate reliably alongside high-power AI processors. This complex multi-chip architecture requires sophisticated packaging. The design uses a 9-2-9 layer substrate structure to handle the complex routing requirements.
The design also addresses signal and power integrity challenges associated with the large-scale package. We perform thermal optimization at the XPU MCP level, while a stiffener design incorporates optical engines’ requirements and enables detachable fiber connections that meet mechanical stress and warpage requirements.
Thermal co-simulation is the combined simulation of electrical behavior and heat flow across a chip. It lets designers predict temperatures, hotspots, and reliability issues in integrated circuits (ICs) and packages under realistic operating conditions. The data ensures the entire system operates within required temperature specifications. This is critical for successful deployment.
In GUC’s thermal integrity design flow, we consider every chip’s power maps and perform thermal crosstalk and dynamic thermal co-simulation to ensure the MCP’s thermal integrity from early-stage through sign-off. This allows us to identify local thermal hotspots and the impact of thermal crosstalk on the optical engine.
Thermal co-simulation is crucial for GUC’s advanced ASIC workflows. In our joint analysis, the MCP includes multiple chiplets to analyze thermal crosstalk between adjacent chiplet dies. Any heat generated by the entire interposer complex may affect the optical engine’s performance.
Thermal modeling is needed to optimize optical engine performance. This joint technical exercise deliberately probes thermal hotspots and thermal crosstalk to evaluate overall CPO thermal stability in a realistic customer package form factor. Rather than avoiding the hard questions, we designed the simulation to stress the system and raise any potential concerns.
These findings are invaluable for assessing advanced packaging designs and collaborating with ecosystem partners to design optimal cooling solutions for AI server and switch applications at the most demanding Thermal Design Power levels. This testing allows us to do just that.
We performed three simulations: an analysis to determine thermal resistance targets for each chip component, plus testing of two different cooling solutions. One solution met spec, and one did not.
We tested a standard air fin heatsink at airspeeds of 5 m/s and 6 m/s at 25ºC.
Fig. 1: GUC + Ayar Labs CoWoS-L CPO simulation using heatsink.
This did not meet spec, as the temperature significantly exceeded spec for all components except the I/O die.
We analyzed the maximum junction temperature versus resistance curve to determine suitable resistance for the Chip-on-Wafer-on-Substrate with Local Silicon Interconnect (CoWoS-L) advanced packaging and optical engine to meet the temperature spec.
Fig. 2: GUC + Ayar Labs CoWoS-L CPO Thermal Resistance (Rsa) analysis.
The system-level thermal solution successfully meets the specification when RSA-ASIC is ≤ 0.008 K/W and RSA-OE is ≤ 0.15 K/W. The cold plate design achieves these targets with pressure drops of 11.2 kPa for the ASIC cold plate and 18.8 kPa for the optical engine cold plate. This ensures efficient coolant flow while maintaining thermal performance.
Finally, we tested an impingement-type cold plate thermal solution at 4.5 LPM.
Fig. 3: GUC + Ayar Labs CoWoS-L CPO simulation using cold plate.
This solution did meet spec. All components were below the temperature specifications.
We selected the impingement-type cold plate for this application because it enables higher heat flux removal than conventional parallel-channel designs. The design uses optimized fin dimensions (thickness: 0.15mm, height: 2.4mm for the ASIC and 3.0mm for the optical engine) with thermal interface materials (K=5.2 W/mK) to achieve the required thermal performance.
This approach effectively dissipates the concentrated heat from multiple high-power chiplets while maintaining the optical engines within their operational temperature limits.
Key Results
These results point to a significant breakthrough in CPO deployment. Successfully maintaining optical engines under 100ºC while dissipating over 3kW TDP from a single package (with 1,500W coming from the AI processors alone) shows that CPO operates reliably with ample junction-temperature headroom, paving the way for the most demanding thermal environments.
Our next step will focus on dynamic workload simulation to further analyze thermal impact on CPO under real-world operating conditions. The tests we’ve shared here were based on static power assumptions, where each component’s power consumption remains constant. Systems ramp up from idle, spike during training or booting, and fluctuate based on user demand during normal operations.
Large numbers of users can cause heat spikes. A dynamic workload simulation will allow us to test our design under conditions more accurate to the real world. This will help us understand how the optics respond to sudden temperature changes and ensure the systems operate efficiently.
These thermal co-simulation test results demonstrate that CPO can operate reliably in high-power AI systems when paired with appropriate cooling solutions. As the industry continues to push the boundaries of compute performance and thermal design power, CPO will play a significant role in overcoming bandwidth and power limitations.
Igor Elkanovich is the CTO of GUC.

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