AXT strikes $87M deposit deal with Lumentum for InP wafers
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AXT, Inc. Announces Long-Term Supplier Agreement with Lumentum
July 29, 2026 4:05 PM EDTFREMONT, Calif.--(BUSINESS WIRE)-- AXT, Inc. (Nasdaq: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that it entered into a definitive agreement with Lumentum Operations, LLC for the supply and capacity reservation of indium phosphide wafer substrates.
We are very pleased to announce an agreement with Lumentum and to be a key supplier to their indium phosphide requirements over the coming years, said Morris Young, chief executive officer of AXT, Inc.
Under the terms of the agreement, AXT has agreed to reserve a minimum annual commitment of indium... More
