AXT signs 3-year supply deal with Coherent, secures USD 22.29 million prepayment

AXT, Inc.

AXT, Inc.

AXTI

0.00
  • AXT signed a three-year master development and supply deal with Coherent for 6-inch indium phosphide wafer substrates, effective June 25, 2026.
  • Coherent will prepay USD 22.29 million tied to AXT’s capacity expansion in Beijing during 2026-2028, in exchange for committed supply volumes.
  • The prepayment is applied against purchases, refundable at Coherent’s option if unused at expiry or termination, subject to minimum order requirements.
  • Coherent can terminate if AXT misses the capacity commitment for more than six consecutive months, triggering a refund of unused prepayment.
  • Any excess capacity beyond the commitment must be offered to Coherent on the same terms.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AXT Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-022557), on July 02, 2026, and is solely responsible for the information contained therein.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.