AXT signs 3-year supply deal with Coherent, secures USD 22.29 million prepayment
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AXT Inc. signed a three-year master supply agreement with Coherent for 6-inch indium phosphide wafer substrates, effective until June 25, 2026. Coherent prepaid USD 22.29 million to support AXT's capacity expansion in Beijing (2026-2028). This prepayment applies against purchases and is refundable if unused or if AXT fails to meet capacity commitments for over six consecutive months. Excess capacity must be offered to Coherent on identical terms.
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