Based on VCSEL array and PIN array, designed and manufactured is a 40Gbit/s VSR parallel multi-channel optical transceiver module, including 4-channel transmit and 4-channel receiver parts. By high-speed PCB signal simulatation design, the problems of the signal integration, crosstalk and electromagnetic compatibility were resolved. The channel bandwidth was maximized by designing the length of gold bonding wire. The transmission rate of each channel reaches up to 5Gbit/s, and the 8-channel total data-rate can be up to 40Gbit/s. The parallel multi-channel optical transceiver module is realized with high-speed, high density design, high reliability and small size, thus it provides high reliability multi-channel data link for very short distance high-speed data processing and transmition.