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AXT signs indium phosphide wafer supply, capacity reservation deal with Lumentum through 2031

PUBT·07/29/2026 20:18:21
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AXT signs indium phosphide wafer supply, capacity reservation deal with Lumentum through 2031
  • AXT signed a long-term supply and capacity reservation agreement with Lumentum for indium phosphide wafer substrates through Dec. 31, 2031.
  • Lumentum will pay an initial deposit of USD 43.5 million within 30 business days; a second USD 43.5 million deposit is slated for 2028.
  • Deposits will be applied as shipment credits against product purchases; AXT will also support additional capacity if needed.


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 Business Wire (Ref. ID: 20260729446850) on July 29, 2026, and is solely responsible for the information contained therein.