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Stock impact report

AXT, Inc. Announces Milestone Customer Site Qualification

AXT Inc (AXTI) 
Last axt inc earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: axt.com
Company Research Source: GlobeNewswire
FREMONT, Calif., March 31, 2020 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today announced that one of its largest gallium arsenide (GaAs) wafer substrate customers has formally qualified the company’s new gallium arsenide wafer processing facilities. “Among the customers now qualified on the new gallium arsenide manufacturing line, we are pleased to announce that one of our largest gallium arsenide customers has qualified our new manufacturing sites for volume production,” said Morris Young, chief executive officer. “This Tier-1 customer has among the highest quality, safety and environmental standards in its industry. Its confirmation is an important milestone for AXT’s manufacturing relocation, and will enable us to meaningfully ramp production from our new locations to meet our customers’ needs over the coming quarters.” During the fourth quarter of 2019, AXT transferred its gallium arsenide crystal gr Show less Read more
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