DealsJun 17, 2026, 04:22 PM
AXT Subsidiary Secures $25.4M InP Supply Deal with Casela
AI Summary
AXT's subsidiary, Beijing Tongmei Xtal Technology Co., Ltd. (Tongmei), signed a long-term supply agreement with Nanjing Casela Technologies Corporation, Ltd. (Casela) for indium phosphide (InP) wafer substrates. The agreement commits Casela to purchase approximately $25.4 million worth of InP wafers in 2027, with Tongmei reserving production capacity and granting supply priority. Casela is required to prepay 50% of the total purchase price within 15 business days and the remaining 50% by December 31, 2026.
Key Highlights
- AXT's subsidiary Tongmei secured a long-term InP supply agreement with Casela.
- Casela committed to purchase InP wafers worth RMB 173,000,000 (approx. $25.4M).
- The supply period is from January 1, 2027, through December 31, 2027.
- Casela must prepay 50% of the total price within 15 business days.
- The remaining 50% is due by December 31, 2026.
- Casela must purchase at least 80% of the fixed quantity or incur a cancellation fee.
Price Impact
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