Lates News

On June 26, 2026, AXT's subsidiary AXT-Tongmei signed a three-year "Principal Development and Supply Agreement" with Coherent Corp. The agreement became effective on June 25, 2026. The agreement covers the large-scale development and supply of 6-inch indium phosphide (InP) wafer substrates by AXT's factory in Beijing. According to the terms of the agreement, Coherent Corp will pay AXT a prepayment of $22.3 million in exchange for the agreed product capacity from 2026 to 2028. AXT agrees to expand its manufacturing capacity and deliver the agreed quantities of products at the agreed prices per wafer.