Buy SMTOY by Jun 24, 2026.

What are your opinions on Sumitomo Electric? They compete with AXTI in producing InP, but despite being Japanese company, they produce InP in Oregon and don't face Chinese export controls. I would have to think an American company that is looking for a steady supply would have to go with Sumitomo. I don't see how Sumitomo does not dominate this market. I guess perhaps AXTI although being an American company could be China's biggest supplier of InP.