AXT subsidiary receives initial export permits for indium phosphide from China

AXT INC

Beijing Tongmei Xtal Technology, AXT subsidiary, received initial export permits from China's Ministry of Commerce.
Permits allow resumption of indium phosphide substrate shipments to certain customers.
Export controls on indium were announced Feb 4, 2025; this is first step in lifting restrictions.
Company cautions customer fulfillment subject to operational and regulatory uncertainties.

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