5 July 2023

AXT Inc of Fremont, CA, USA – which makes gallium arsenide (GaAs), indium phosphide (InP) and germanium (Ge) substrates and raw materials – has addressed the potential impact of the announcement of China’s new export control regulations on gallium- and germanium-related materials, which take effect on 1 August.

AXT’s China-based wafer manufacturing subsidiary Beijing Tongmei Xtal Technology Co Ltd expects to proceed to immediately seek permits from the applicable Chinese authorities to export gallium and germanium substrate products. Indium phosphide substrates are not included in the new export control regulations, so exports of InP will not require approvals as part of these regulations.

In first-quarter 2023, gallium arsenide and germanium substrates exported outside of China contributed about $4.3m to AXT’s revenue, primarily for consumer, automotive, display and industrial applications.

“We are actively pursuing the necessary permits and are working to minimize any potential disruption to our customers,” says CEO Morris Young.

See related items:

AXT’s Q1 revenue halved year-on-year

Tags: AXT

Visit: www.axt.com

Source: https://www.semiconductor-today.com/news_items/2023/jul/axt-050723.shtml