“…By utilizing advanced CMOS technologies and equalization techniques, operations at higher than 25 Gb/s even in severe loss conditions of more than 40 dB were achieved [ 9 , 10 , 11 ]. Recently, circuit designers attempt to overcome the limitations of copper by introducing a pulse-amplitude-modulation (PAM) signaling that can enhance the effective data rate for the same loss condition as the conventional binary signaling [ 12 , 13 , 14 , 15 ]. Figure 4 summarizes the binary and PAM-4 transceivers which recorded the fastest operating speed each year over the past 10 years [ 14 , 16 , 17 , 18 , 19 , 20 , 21 , 22 , 23 , 24 , 25 , 26 , 27 , 28 , 29 ].…”