---
title: "AXT Wins 3-Year InP Wafer Supply Pact With Coherent, Backed by $22.29M Prepayment"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291591019.md"
description: "AXT Inc. signed a three-year Master Development and Supply Agreement with Coherent for 6-inch indium phosphide wafer substrates, effective June 25, 2026. The deal includes a $22.29 million prepayment from Coherent to support AXT's capacity expansion in Beijing through 2028. Funds are refundable if unused, except if Coherent misses minimum orders. Either party can terminate under specific breach conditions."
datetime: "2026-07-02T21:13:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291591019.md)
  - [en](https://longbridge.com/en/news/291591019.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291591019.md)
---

# AXT Wins 3-Year InP Wafer Supply Pact With Coherent, Backed by $22.29M Prepayment

AXT entered into a Master Development and Supply Agreement with Coherent for mass development and supply of 6-inch indium phosphide wafer substrates over three years. The deal includes a $22,288,500 prepayment from Coherent tied to AXT’s capacity commitment and planned capacity expansion in Beijing from 2026 to 2028. The prepayment is refundable at Coherent’s option if unused upon expiry or termination, except if Coherent misses minimum order quantities, in which case the unused balance is nonrefundable and AXT may terminate. Coherent may terminate if AXT fails to meet the capacity commitment for more than six straight months, triggering a refund of any unused prepayment.

**Agreement details:**

-   **Agreement type**: Master Development and Supply Agreement for 6-inch InP wafer substrates
-   **Counterparty**: Coherent
-   **Signed / Effective**: Jun 26 2026 / Jun 25 2026
-   **Duration / Termination**: 3 years
-   **Reason**: Scale InP wafer capacity and secure multi-year customer demand

Original SEC Filing: AXT INC \[ AXTI \] - 8-K - Jul. 02, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

### Related Stocks

- [AXTI.US](https://longbridge.com/en/quote/AXTI.US.md)
- [COHR.US](https://longbridge.com/en/quote/COHR.US.md)
- [AXTU.US](https://longbridge.com/en/quote/AXTU.US.md)
- [AXTX.US](https://longbridge.com/en/quote/AXTX.US.md)
- [COHX.US](https://longbridge.com/en/quote/COHX.US.md)

## Related News & Research

- [AXT signs 3-year supply deal with Coherent, secures USD 22.29 million prepayment](https://longbridge.com/en/news/291589772.md)
- [$100 Invested In AXT 10 Years Ago Would Be Worth This Much Today](https://longbridge.com/en/news/291599042.md)
- [AXT (AXTI) Could Be 33% Below Fair Value As Russell Growth Index Adds Draw Fresh Attention](https://longbridge.com/en/news/291583132.md)
- [AXT publishes update to financial calendar](https://longbridge.com/en/news/291583858.md)
- [AXT Insider Shake-Up: Major Directors Quietly Cash Out Big Stakes](https://longbridge.com/en/news/290131854.md)