Those who didn't buy Nokia when it was 8 yuan, axti is now 100, which is exactly the time of $Nokia Oyj(NOK.US)$AXT(AXTI.US)

As Beijing allows axti to export INP, the profits brought by 8-inch substrates will be beyond imagination. Because for this essential optical material, the most high-end 8-inch wafer costing $8,000 each, only axti in the whole world can produce it. Japan's Sumitomo for 6-inch wafers will be severely suppressed by Beijing in export approval for raw materials. Without raw materials, not even half an inch can be produced. It can be foreseen that the 6-inch market will also be snatched by axti. No matter if it's pluggable, CPO, NPO, or silicon photonics, all paths will have to use axti's products. No technical route can bypass it.