Software prices see biggest increase on record as AI data centers absorb global chip supply
Rising AI data-center demand is absorbing global chip supply, tightening availability for other buyers of semiconductors.
Source →The trace
How it reaches your house.
Starting from AXT Inc, we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.
First impact
AXT Inc →DelaysIndium phosphide (InP) substrates
AXT is a top global InP substrate producer, manufactures most of its InP substrates in China, and has export-permit-driven order backlogs, so constrained AXT shipments lengthen InP substrate availability.
“AXT, the world's second-largest InP substrate producer and a major supplier to Coherent, said in May that export permits represent its most significant current challenge. The company, which manufactures most of its InP substrates in China, said its Chinese subsidiary received its first export permits only in June 2024 and carries a significant backlog of orders, reported by analysts at over $60 million as of the first quarter of 2026.”
87% confidenceCited →AXT Inc →DelaysCoherent
Coherent is mainly supplied by AXT for InP and cannot easily switch suppliers because of lengthy qualification cycles, making AXT permit delays likely to delay Coherent supply.
“On top of that, companies such as Coherent, mainly supplied by AXT, and Lumentum, mainly supplied by Sumitomo and JX Advanced Metals, are unlikely to switch suppliers easily, as moving to a new supplier requires lengthy qualification cycles, the person said.”
Where it lands
What you buy, and what you own.
Goods you buy
No consumer goods on this path.
Companies you may own
CoherentVPECLandMark Optoelectronics
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