[ORGANIZATION]
Lumentum Operations
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Situations
AXT indium phosphide supply and market growth
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Latest: Axsome Therapeutics, CVD Equipment, and AXTI show market activity
AXT has secured a long-term supply agreement with Lumentum Operations for indium phosphide wafer substrates, extending through 2031. The contract includes capacity reservations and is supported by $87.5 million in advanc