Yunnan Germanium unit signs 900,000-piece InP substrate supply deal with AOI

TREE NEWS update: Yunnan Xinyao, a controlled subsidiary of Yunnan Germanium, signed a long-term supply agreement and annual contract with customer AOI for 180,000 4-inch N-type indium phosphide substrates per year from 2027 to 2031, totaling 900,000 pieces. The 2027 contract is worth $194 million (about 1.305 billion yuan), equal to 122.46% of Yunnan Germanium’s audited 2025 revenue. Performance is conditional on obtaining dual-use item export licenses.