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Yunnan Germanium said market demand for indium phosphide wafers remains strong, with all of its existing and under-construction capacity already committed to customers through the end of 2027. Those customers include well-known downstream manufacturers both in China and abroad. Since June 2026, the company has signed several formal sales contracts for 6-inch indium phosphide wafers with downstream buyers. Its subsidiary, Yunnan Xinyao, holds orders for roughly 13,000 6-inch indium phosphide wafers worth about 300 million yuan, mainly from leading overseas manufacturers. Some of these orders have received export licenses and are being delivered on an ongoing basis. On the raw material side, the company has signed procurement contracts with suppliers to secure the supply of raw materials for its indium phosphide products for 2027.
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