Guangzhi Technology (300489.SZ) subsidiary and Coherent signed a long-term supply agreement for indium phosphide substrates with an estimated transaction amount of not less than US$601 million

Zhitong Finance App News, Guangzhi Technology (300489.SZ) announced that Guangdong Xianrui Technology Co., Ltd. (hereinafter referred to as “Xianrui Technology”), a holding subsidiary of the company, signed a “LETTER OF INTENT” (long-term supply intention agreement) with Coherent Corp. According to the agreement, Pioneer Technology will supply 6-inch indium phosphide substrates for Coherent Corp.'s plants in Switzerland and Sweden from 2027 to 2029, with an estimated transaction amount of no less than US$601 million.

The signing of this agreement is a continuous recognition of the company's 6-inch indium phosphide product indicators, quality stability, and delivery support capabilities by internationally renowned companies, which is conducive to maintaining a long-term stable cooperative relationship between the two parties. At the same time, since the agreement targets a larger volume and longer supply cycle, the customer continues to stabilize technical specifications, quality standards and delivery requirements, helping the company to continuously improve the large-scale and stable delivery capacity of 6-inch indium phosphide substrates, which helps the company further enhance its industrial chain position, market influence and core competitiveness. It is also of great significance to the company's future layout and development of the global indium phosphide substrate market, which is conducive to consolidating the company's competitive advantage in the international market.