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[News] ZJ Innolight Debuts on HKEX in Record IPO as InP Substrate Bottleneck Intensifies
What happened
Zhongji Innolight raised HKD 53.4B in a record IPO to expand capacity for 1.6T optical modules amid an intensifying InP substrate shortage. Global players like Coherent and AXT are also scaling up InP production to address the supply gap.
Impact and signal
High impactImpact score: 95/100
Affected components and suppliers
InP SubstrateOptical ModulesLaser ChipsIII-V Semiconductor Substrates
shortageprice-hikecapacity-expansion
Source and time
Source: TrendForce · 8/2/2026 · View original source
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