Fabrinet is a contract manufacturer for complex optical and electro-mechanical products. Fabrinet acts as a pure outsourced production partner, manufacturing products to customer specifications rather than designing its own. The business operates through three segments: Data Center, Communications Infrastructure, and Automotive, Industrial, and Other. Data Center is the largest segment, providing optical transceivers, interconnect modules, and high-performance computing assemblies for AI infrastructure. Communications Infrastructure includes telecom networking and satellite products, while the Automotive, Industrial, and Other segment focuses on industrial lasers and sensors. Fabrinet also fabricates customized optics and glass. The company charges customers for manufacturing services on a per-unit basis. Fabrinet maintains a low-cost manufacturing footprint in Thailand, supported by product introduction centers in Silicon Valley and Israel. The business model relies on high operating leverage, where low operating expenses allow revenue growth to scale into operating income. Fabrinet expands capacity ahead of demand by building large factories to capture volume. The growth strategy focuses on AI infrastructure, next-generation optical packaging, and capacity expansion. Fabrinet serves a concentrated customer base including Cisco, NVIDIA, Nokia, and Amazon.