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The new indium phosphide epitaxy shipments are booming, entering a performance explosion period starting from the third quartermoney.udn.com·2 days ago, 04:42 AMAXTI-8.45%COHR-6.43%
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Optical communication concept stocks fell across the board, with Marvell Tech down over 9%Golden Finance·5 hours agoGLW-4.84%MRVL-7.45%
Indium Phosphide giant AXT and Coherent strike a 3-year supply agreement, soaring after hoursTechNews·Jul 2 at 08:01 PMAXTI-8.45%COHR-6.43%
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On June 25, 2026, AXT's subsidiary AXT-Tongmei signed a three-year main development and supply agreement with Coherent Corp. AXT will utilize its Beijing factory to develop and supply 6-inch indium phosphide wafer substrates on a large scale. Coherent Corp will pay a prepayment of $22.3 million to secure the agreed capacity from 2026 to 2028, and AXT is required to expand its manufacturing capacity and deliver products at the agreed priceZhitong·Jul 2 at 06:03 PMAXTI-8.45%COHR-6.43%
IPG Photonics Corporation (NASDAQ:IPGP) Receives Average Recommendation of "Moderate Buy" from AnalystsMarket Beat·Jul 3 at 01:29 AMIPGP-7.74%
AXT Wins 3-Year InP Wafer Supply Pact With Coherent, Backed by $22.29M PrepaymentTradingView·Jul 2 at 04:13 PMAXTI-8.45%COHR-6.43%
AXT signs 3-year supply deal with Coherent, secures USD 22.29 million prepaymentPUBT·Jul 2 at 04:03 PMAXTI-8.45%COHR-6.43%