Coherent Corp. Provides Initial Assessment Of Expected Export Restrictions Of Gallium And Germanium From China
Portfolio Pulse from Happy Mohamed
Coherent Corp. (NYSE:COHR) has provided an initial assessment of the expected export restrictions of gallium and germanium from China, starting August 1, 2023. The company believes the restriction will have minimal to no impact on its sales and prospects due to ample inventories and the ability to source the materials outside of China.
July 10, 2023 | 8:32 pm
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Coherent Corp. expects minimal to no impact from the upcoming export restrictions of gallium and germanium from China due to its ample inventories and ability to source these materials outside of China.
Coherent Corp. has provided an initial assessment of the expected export restrictions from China, stating that it will have minimal to no impact on their sales and prospects. This is due to their ample inventories of these materials and the ability to source them outside of China. Therefore, the short-term impact on the stock price is expected to be neutral.
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