China is deliberately choking the global supply of Indium Phosphide (InP), the material that makes every laser in every AI data center work. Reuters confirmed: US officials have visited China multiple times to resolve this. China is still blocking export approvals on purpose. They want to maintain the bottleneck. Chinese producers like Yunnan Germanium (https://t.co/wyCjVX0HNv) and Guangdong Xiandao are scaling capacity fast (Yunnan investing $28M to reach 450K wafers/year, shipments up 74% in 2025). But even if export approvals are granted, overseas shipments will be "limited." Switching InP suppliers requires lengthy qualification cycles. You can't just find a new source overnight. 12-18 months... This will help explain the recent price action in the below names. WINNERS: $SIVE.ST
View on X ↗