AXT Expands Indium Phosphide Capacity, Targets Tier-1 Customers Amid Share Price Surge

AXT Inc. is expanding indium phosphide production capacity and targeting Tier-1 customers. The company's share price has risen 308.4% year-to-date, driven by strong momentum. However, investors should watch how new capacity is utilized and whether Tier-1 engagement appears in future customer or segment disclosures. The expansion could reshape AXT's revenue mix and order visibility, and the stock has been highly volatile.