AXT announces long-term InP supply agreement with Lumentum

AXT Inc of Fremont, CA, USA — which makes gallium arsenide (GaAs), indium phosphide (InP) and germanium (Ge) substrates and raw materials at plants in China — has entered into a definitive agreement with Lumentum Operations LLC of San Jose, CA, USA (which designs and makes photonic products for optical networks and lasers for industrial and consumer markets) for the supply and capacity reservation of indium phosphide wafer substrates...