AXT Completes the Ramp of OSRAM Shipments from New, Dingxing Manufacturing Facility

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FREMONT, Calif., Dec. 03, 2020 (GLOBE NEWSWIRE) — AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that it has completed the ramp of its gallium arsenide substrate shipments for its major customer, OSRAM, from its new, state-of-the-art manufacturing facility in Dingxing, China. In March, OSRAM finished its qualification of the new facility and began accepting a portion of its order volume from Dingxing, which it has continued to ramp throughout the year.

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