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Ayar Labs develops TeraPHY, an industry-first optical I/O chiplet that replaces traditional electrical interconnects in semiconductor systems using silicon photonics. The solution delivers up to 1000x bandwidth density improvements and 1/10th the power consumption compared to conventional electrical I/O, enabling 8 Tbps of bandwidth at 10-nanosecond latencies. Built for AI accelerators, data centers, and distributed computing systems, TeraPHY eliminates GPU communication bottlenecks and solves the memory wall problem in high-performance computing.