According to CoinMeta, on November 6th, Guangzhi Technology announced that its holding subsidiary, Xianrui Technology, recently signed a long-term supply intention agreement with the global optoelectronics company CoherentCorp. Under the agreement, from 2027 to 2029, Xianrui Technology will supply 6-inch indium phosphide substrates to CoherentCorp's factories located in Switzerland and Sweden, with an estimated transaction value of no less than $601 million. The signing of this long-term overseas supply agreement further reflects Guangzhi Technology's market expansion achievements in the field of large-size indium phosphide substrates. Zhu Shibin, the general manager of Guangzhi Technology, stated that the company has accumulated years of technology in the indium phosphide sector. Currently, the monthly production capacity for indium phosphide substrates is about 50,000 pieces, and the company is advancing the construction of additional production capacity. The planned expansion for 6-inch indium phosphide substrates is to reach an annual output of 1.2 million pieces, which translates to a monthly production capacity of about 100,000 pieces. According to the project construction plan, the additional production capacity is expected to be ready for operation in the second half of 2027.