Earlier quoted context omitted.
It's not that easy to define because were talking about semi-conductors after all;) They don't move at a constant speed like say in a conductor (which isn't the case either because electric field causes resistance e.g. eddy currents, but lets say a super-conductor) You have quite a few concepts with semiconductors primarily saturation velocity (which in most cases is the peak velocity, but not necessarily attained in…
So does this imply an opportunity to improve computing speed by 2997?
Also because light has much more shorter wavelength than "electricity" electromagnetic waves in conductors (kilometers vs nano-meters) you can have a much higher throughput with light even if you use it to replace the carrier wires in electronics (which is what Intel is working on they want to keep electronic switching but make all carriers photonic).