News: Suppliers
20 August 2025
AXT’s Tongmei receives China export permits to resume shipping InP substrates to certain customers
AXT Inc of Fremont, CA, USA – which makes gallium arsenide (GaAs), indium phosphide (InP) and germanium (Ge) substrates and raw materials – says that its China-based manufacturing subsidiary Beijing Tongmei Xtal Technology Co Ltd has been informed that it has satisfied the applicable requirements for a permit to export indium phosphide and has received export permits from the Ministry of Commerce of the People’s Republic of China to resume shipping indium phosphide substrates to certain additional customers.
AXT believes this will result in several million dollars in revenue that was not included in its third-quarter 2025 forecast, provided on 31 July. The export control restrictions follow the 4 February announcement by the Ministry of Commerce and the General Administration of Customs of the People’s Republic of China to impose export controls on items related to tungsten, tellurium, bismuth, molybdenum, and indium.
AXT’s Q2 revenue constrained by slower-than-expected China export permitting
AXT’s Tongmei receives initial export permits from China for GaAs and Ge substrates
