AXT Increases Revenue Thanks to Strong Demand from Data Centers!

AXT Inc. is a US manufacturer of high-purity Gallium Arsenide (GaAs), Indium Phosphide (InP), and Germanium substrates, primarily used in the semiconductor industry. These specialty wafers serve as the foundation for high-frequency, laser, and optoelectronic chips, as found in 5G communication, satellite technology, laser diodes, and increasingly in applications of artificial intelligence. The company conducts most of its production in China, leading to cost advantages but also geopolitical risks. AXT benefits from the trend towards more complex,...