According to documents submitted to the U.S. Securities and Exchange Commission (SEC), AXT Inc (AXTI) and Coherent (COHR) have officially signed a master development and supply agreement.

This agreement will take effect officially on June 25, 2026. The agreement marks the establishment of a long-term partnership between the two companies in the areas of technology development and product supply. Based on this framework agreement, the two parties will carry out in-depth cooperation in specific fields, jointly advance the development process of relevant products, and establish a stable supply chain relationship. This move is expected to integrate the advantageous resources of both parties and enhance their competitive positions in their respective markets. The effective date of the agreement is clearly set for mid-2026, allowing both parties ample time for preparation and planning. The signing of such a strategic cooperation agreement usually involves detailed arrangements for future product roadmaps, capacity allocation, and intellectual property, aiming to lay a solid foundation for long-term business collaboration.