The Earth — Raw Materials & Substrates · AI Chain
AXTI
AXT Inc.loading…
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Indium phosphide crystal grower — the laser-material monopoly
What they do
A small U.S. company that grows the indium phosphide crystals every AI laser is built from . Outside China, there are essentially two suppliers — AXT is one of them. NVIDIA's $4 billion in 2026 InP supply commitments effectively flow through this company. Source thesis calls it 'The Strait of AXTi v2.0.'