AXT Inc. Subsidiary Tongmei Receives Export Permits to Resume Indium Phosphide Shipments Following Chinese Regulatory Approval

Reuters

12 Jun

<a href="https://laohu8.com/S/AXTI">AXT Inc</a>. Subsidiary Tongmei Receives Export Permits to Resume Indium Phosphide Shipments Following Chinese Regulatory Approval

AXT Inc. has announced that its subsidiary, Beijing Tongmei Xtal Technology Co., Ltd. (Tongmei), has received the necessary regulatory approval to resume exporting indium phosphide substrates. This approval comes after Tongmei satisfied the applicable requirements set by the Ministry of Commerce of the People's Republic of China. The initial export permits allow Tongmei to recommence shipments to certain customers, following the February 2025 implementation of export controls on several materials, including indium, by the Chinese authorities. This development marks a significant step for AXT Inc. in continuing its operations in the global market.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AXT Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-020087), on June 11, 2025, and is solely responsible for the information contained therein.

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Subsidiary Tongmei Receives Export Permits to Resume Indium Phosphide Shipments Following Chinese Regulatory Approval","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/AXTI\">AXT Inc</a>. Subsidiary Tongmei Receives Export Permits to Resume Indium Phosphide Shipments Following Chinese Regulatory Approval\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        AXT Inc. has announced that its subsidiary, Beijing Tongmei Xtal Technology Co., Ltd. (Tongmei), has received the necessary regulatory approval to resume exporting indium phosphide substrates. This approval comes after Tongmei satisfied the applicable requirements set by the Ministry of Commerce of the People's Republic of China. 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Subsidiary Tongmei Receives Export Permits to Resume Indium Phosphide Shipments Following Chinese Regulatory Approval\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-12 04:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/AXTI\">AXT Inc</a>. Subsidiary Tongmei Receives Export Permits to Resume Indium Phosphide Shipments Following Chinese Regulatory Approval\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        AXT Inc. has announced that its subsidiary, Beijing Tongmei Xtal Technology Co., Ltd. (Tongmei), has received the necessary regulatory approval to resume exporting indium phosphide substrates. This approval comes after Tongmei satisfied the applicable requirements set by the Ministry of Commerce of the People's Republic of China. The initial export permits allow Tongmei to recommence shipments to certain customers, following the February 2025 implementation of export controls on several materials, including indium, by the Chinese authorities. 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