Neutrality by design: NVIDIA at 27.6% of revenue, Cisco at 18.2% — nearly half the company between two customers, with an Amazon HPC ramp emerging. The filing shows who trusts the assembler that designs no products and makes no materials. On co-packaged optics, three competing programs, not one; the CEO calls it an evolution from silicon photonics and precision photonics packaging developed over many years, though revenue amounts are relatively small right now. Whoever wins the architecture, the modules still need aligning. That's where the steady hands live.