NasdaqGS:AXTISemiconductor
AXT (AXTI) Lands Nanjing Casela Supply Deal For AI And Optics Growth
AXT (NasdaqGS:AXTI) announced a supply deal with China's Nanjing Casela for indium phosphide substrates.
The agreement focuses on serving demand in AI and advanced optics applications.
Wedbush Securities views the arrangement as reducing export risk for AXT.
AXT is a specialty materials company focused on compound semiconductor substrates used in areas such as data communications, sensing and optics. The new agreement with Nanjing Casela gives the company additional access to the China...