“…1,2 In particular, optical switches based on saturable absorption have been extensively studied using various materials including semiconductor quantum dots, [3][4][5][6] quantum wells, [7][8][9][10] and organic materials. [11][12][13] Such switches require both large intensity modulation and ultrafast response, which has been a key issue. While the modulation magnitude depends on a decrease in the absorbance because of the state filling effect, 14 the ultrafast signal decay in nanostructured semiconductors relates to several factors, e.g., the intersubband transition, [15][16][17][18] spin relaxation, 7,[19][20][21] and carrier tunneling.…”