Aug. 20 at 12:11 AM
$AXTI "AXT Says Tongmei Receives Export Permits From China For Indium Phosphide"
https://www.tradingview.com/news/reuters.com,2025:newsml_FWN3UB0PA:0-axt-says-tongmei-receives-export-permits-from-china-for-indium-phosphide/
In August 2025, Beijing Tongmei Xtal Technology Co., Ltd. (“Tongmei”), a subsidiary of AXT, Inc. (the “Company”), was 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. We believe this will result in several million dollars in revenue that was not included in the Company’s third quarter 2025 forecast, provided on July 31, 2025. The export control restrictions follow the Feb. 4, 2025 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. https://www.sec.gov/Archives/edgar/data/1051627/000143774925027362/axti20250814_8k.htm
