AXT Unit Tongmei Signs Agreements for Up to RMB 3.67B Investment
AXT said its subsidiary Tongmei signed definitive agreements for a private equity investment of at least RMB 1.91 billion and up to RMB 3.67 billion, subject to conditions, to expand indium phosphide capacity. Closing is expected in December 2026; AXT expects to own about 73.40% after the deal.