Look, we raised $632.5 million gross in April to fund our InP roadmap. First doubling to ~$35M/quarter by end-2026 is funded and committed in a repurposed Beijing site. Next step to $65-70M by end-2027 is planned and funded but not yet contracted; 2028 is direction. Management frames demand at roughly 10x that first doubling — their claim — but cautions adding capacity versus delivering wafers are two different things. Long-term agreements with larger customers and hyperscalers discussed, not signed. No customer named. Okay?

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AXTI / The raise, the roadmap, and the 10x claim

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/p/p-day-20260715-axti-src-axti-capacity-and-10x-claim-conversation ↗

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2026-07-15T01:48:24.560Z