AXT stock rises on new supply agreement with Coherent Corp

jp.investing.com (Japanese)

AXT stock surged today due to a significant development in its subsidiary's operations. AXT's subsidiary AXT-Tongmei secured a three-year master development and supply agreement with Coherent Corp. for indium phosphide wafers, including a $22.3 million prepayment. This deal, along with other long-term contracts and recent index inclusion, bolsters AXT's financial outlook amidst a soft market.


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AXT stock rises on new supply agreement with Coherent Corp | News Minimalist