AXT signs long-term supply agreement with Lumentum for indium phosphide substrates

AXT, Inc. entered into a definitive agreement with Lumentum Operations, LLC for the supply and capacity reservation of indium phosphide wafer substrates through December 31, 2031. Lumentum will pay an initial deposit of $43.5 million and a second deposit of $43.5 million.

“We are very pleased to announce an agreement with Lumentum and to be a key supplier to their indium phosphide requirements over the coming years.”business.sherbrookerecord.com

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• business.sherbrookerecord.comContact Us - Sherbrooke Record - AXT, Inc. Announces Long-Term Supplier Agreement with LumentumAXT, Inc.May 25, 2018

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