Photonic-assisted signal processing of high-bandwidth signals emerges as a solution for challenges encountered in electronic-based processing. Here we present a concept for a compact, photonic-assisted digital-to-analog converter (DAC) and optical IQ-modulator in one single integrated device based on two innovative concepts: a segmented Mach-Zehnder modulator and orthogonal sampling. For electrically driving the modulator, only a single radio frequency oscillator and no pulse source or electrical DAC are required. The presented and simulated proof-of-concept device with six segments can generate a multi-level and high-bandwidth signal from low-bandwidth electronic drivers; e.g., we show the generation of a 120 Gbps data rate, 16-quadrature amplitude modulation (16-QAM, 30 Gbaud) signal solely based on low-bandwidth (5 GHz) non-return-to-zero (NRZ) signals. Integrated on a silicon photonic platform, the device provides fixable speed and bandwidth operations, positioning it as a viable solution for diverse communication systems.