{
  "id": 7550146,
  "title": "Aeluma stock jumps on Sumitomo wafer production partnership",
  "url": "https://urgent.news/2026/09/15/aeluma-stock-jumps-on-sumitomo-wafer-production-partnership",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-15T12:42:34.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/aeluma-stock-jumps-on-sumitomo-wafer-production-partnership-93CH-4901716"
  },
  "original_language": "en",
  "account": "Aeluma Inc (NASDAQ:ALMU) stock experienced a 7.4% increase in early trading on Tuesday following the company's announcement of a wafer production agreement with Sumitomo Chemical Advanced Technologies (SCAT) for the development of photonics products aimed at the AI datacom market. The collaboration will focus on creating and qualifying photonics wafers initially using metalorganic chemical vapor deposition (MOCVD) capabilities at SCAT's Phoenix, Arizona manufacturing facility, with options for future capacity expansion. Aeluma's non-indium-phosphide photonics platform presents a solution to the supply constraints associated with traditional indium-phosphide (InP) substrates, which are manufactured on 100mm substrates and smaller. The heterogeneous integration strategy employed by Aeluma utilizes alternative substrates such as 150mm gallium arsenide and 200mm to 300mm silicon, which are more accessible than InP substrates. This partnership builds upon a long-standing relationship between the companies, with SCAT, a wholly-owned subsidiary of Sumitomo Chemical, specializing in epitaxial wafers for optical communications, smartphone, wireless, and automotive industries at its Phoenix facility. Jonathan Klamkin, Founder and CEO of Aeluma, expressed optimism about the agreement, stating that it aims to enhance their partnership and pave the way for quicker development, qualification, production, and potential future expansion. This strategic alliance targets the production of high-performance photonics components, including photodetectors and lasers, tailored for the rapidly growing AI datacom market where demand has surged due to limitations in InP substrate supply.",
  "summary": null,
  "key_points": [
    "Collaboration focuses on photonics wafers using MOCVD at SCAT's Phoenix facility.",
    "Aeluma's non-indium-phosphide platform offers alternative substrates for AI datacom market."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}