Sure. However, they dissipate at least a watt apiece, and are several centimetres in size. Now integrate a billion of them onto a chip, and see what happens to your power dissipation and maximum clock speed.
Then you have to make sure that they're limiting hard, or else you won't be able to keep all the downstream gates functioning, because they're strongly nonlinear. That will cause pattern-dependent effects due to poorly controlled upper state depletion.
Terabit communication on a single fibre is pretty easy--you need about
25 40-Gb/s channels, which will fit in one fibre pretty easily. (The record is several hundred Tb/s, depending on who you believe.) The issues are power, latency, reliability, temperature coefficient, and wavelength compatibility.Datacom links are mostly 850 nm multimode, whereas silicon photonics are
1.5 um single mode, polarization maintaining. Getting the gozinta to connect to the gozouta is (AFAIK) still an unsolved problem.Cheers
Phil Hobbs