Chip can transmit all of the internet's traffic every second
newscientist.com
newscientist.com
The actual story of the article really is just: https://en.wikipedia.org/wiki/Photonic_integrated_circuit
The ability to just keep everything as light and be able to process the 'headers' and make routing decisions is really the magic we need.
Alas, this is bleeding edge stuff by scientists and we're far from commercialization.