Latest news with #GaAs
Business Wire
17-07-2025
- Business
- Business Wire
AXT, Inc. Announces Passing of Board Member Christine Russell
FREMONT, Calif.--(BUSINESS WIRE)--AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, is saddened to report that Ms. Christine Russell, a member of the Company's Board of Directors, passed away on July 11, 2025. Ms. Russell joined the Company's Board in December 2019 as an independent director. Ms. Russell served as Chair of the Audit Committee and was a member of the Compensation Committee and the Nominating and Corporate Governance Committee. 'AXT is grateful for Christine's exemplary dedication and service to our company,' said Morris Young, Chief Executive Officer. 'She brought tremendous intelligence, strategic planning and thoughtful decision-making to our board and she will be greatly missed. This is a sad moment in our history. On behalf of AXT's management and Board of Directors, we extend our sincerest condolences to her family and the breadth of Silicon Valley executives who hold her in high esteem.' About AXT, Inc. AXT is a material science company that develops and manufactures high-performance compound and single element semiconductor substrate wafers comprising indium phosphide (InP), gallium arsenide (GaAs) and germanium (Ge). The company's substrate wafers are used when a typical silicon substrate wafer cannot meet the performance requirements of a semiconductor or optoelectronic device. End markets include 5G infrastructure, data center connectivity (silicon photonics), passive optical networks, LED lighting, lasers, sensors, power amplifiers for wireless devices and satellite solar cells. AXT's worldwide headquarters are in Fremont, California and includes sales, administration and customer service functions. AXT has its Asia headquarters in Beijing, China and manufacturing facilities in three separate locations in China. In addition, as part of its supply chain strategy, the Company has partial ownership in ten companies in China producing raw materials for its manufacturing process. For more information, see AXT's website at
Business Wire
09-07-2025
- Business
- Business Wire
AXT, Inc. Announces a Preliminary Revenue Range for Second Quarter 2025
FREMONT, Calif.--(BUSINESS WIRE)--AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, today announced a preliminary revenue range for its second quarter, ended June 30, 2025. AXT's full financial results for the second quarter of 2025 are scheduled to be announced on July 31, 2025. AXT expects preliminary revenue for the second quarter of 2025 to be in the range of $17.5 to $18 million, below the company's previously stated guidance of $20 million to $22 million provided on May 1, 2025. The preliminary revenue range for the second quarter of 2025 is primarily the result of slower than expected issuance of export control permits for the company's gallium arsenide products in Q2 and a weaker demand environment in China. 'Though we continue to feel confident about our participation in a number of exciting technology trends, the current geopolitical environment remains challenging across our business,' said Morris Young, chief executive officer. 'Further, the demand environment in China has been weaker than expected for our gallium arsenide substrate business, as well as our consolidated raw material joint ventures. That said, we saw a meaningful increase in AI-related demand for indium phosphide in China during Q2 and were also pleased that our subsidiary, Beijing Tongmei Xtal Technology Co., ('Tongmei'), received its first export control permits for indium phosphide late in the quarter. In addition, we remain highly focused on gross margin improvement and despite the revenue shortfall, we expect to deliver Q2 2025 gross margins in the high single digits.' The company will also host a conference call to discuss these results on July 31, 2025 at 1:30 p.m. PT. The conference call can be accessed at (800) 715-9871 (passcode 4378083). The call will also be simulcast at Replays will be available at (800) 770-2030 (passcode 4378083) until Aug 7, 2025. Additional investor information can be accessed at About AXT, Inc. AXT is a material science company that develops and manufactures high-performance compound and single element semiconductor substrate wafers comprising indium phosphide (InP), gallium arsenide (GaAs) and germanium (Ge). The company's substrate wafers are used when a typical silicon substrate wafer cannot meet the performance requirements of a semiconductor or optoelectronic device. AXT's worldwide headquarters are in Fremont, California and includes sales, administration and customer service functions. AXT has its Asia headquarters in Beijing, China and manufacturing facilities in three separate locations in China. In addition, as part of its supply chain strategy, the Company has partial ownership in ten companies in China producing raw materials for its manufacturing process. For more information, see AXT's website at Preliminary Results Disclosures and Forward-Looking Statements The company's actual results for the second quarter of 2025 are not yet available, have not yet been reviewed by our auditor, and may differ materially from the preliminary estimates above, which are not a comprehensive statement of the company's financial results and are not necessarily indicative of the results to be expected for fiscal 2025 or any future period. In addition, the foregoing paragraphs contain forward-looking statements within the meaning of the Federal securities laws, including, for example, statements regarding a preliminary revenue range and other financial results for the second quarter, ended June 30, 2025. Additional examples of forward-looking statements include statements regarding the market demand for our products, our product mix, our growth prospects and opportunities for continued business expansion, including technology trends, new applications and the ramping of Tier-1 customers, our market opportunity, our ability to lead our industry, our relocation, our expectations with respect to our business prospects and financial results, including our gross margin performance, and our development of larger diameter substrates that we believe will enable the next generation of technology innovation across a number of end-markets. These forward-looking statements are based upon assumptions that are subject to uncertainties and factors relating to the company's operations and business environment, which could cause actual results to differ materially from those expressed or implied in the forward-looking statements contained in the foregoing discussion. These uncertainties and factors include but are not limited to: the requests for redemptions by private equity funds in China of investments in Tongmei, the administrative challenges in satisfying the requirements of various government agencies in China in connection with the listing of shares of Tongmei on the STAR Market, continued open access to companies to list shares on the STAR Market, investor enthusiasm for new listings of shares on the STAR Market and geopolitical tensions between China and the United States. Additional uncertainties and factors include, but are not limited to: the timing and receipt of significant orders; the cancellation of orders and return of product; emerging applications using chips or devices fabricated on our substrates; end-user acceptance of products containing chips or devices fabricated on our substrates; our ability to bring new products to market; product announcements by our competitors; the ability to control costs and improve efficiency; the ability to utilize our manufacturing capacity; product yields and their impact on gross margins; the relocation of manufacturing lines and ramping of production; possible factory shutdowns as a result of air pollution in China or COVID-19; COVID-19 or other outbreaks of a contagious disease; tariffs and other trade war issues; the financial performance of our partially owned supply chain companies; policies and regulations in China; and other factors as set forth in the company's Annual Report on Form 10-K, quarterly reports on Form 10-Q and other filings made with the Securities and Exchange Commission. Each of these factors is difficult to predict and many are beyond the company's control. The company does not undertake any obligation to update any forward-looking statement, as a result of new information, future events or otherwise.
India Today
07-07-2025
- Business
- India Today
Dhruva Space to integrate solar panel on Pixxel's hyperspectral satellites
In a significant advancement for India's burgeoning private space sector, Dhruva Space, an engineering solutions company is set to integrate its space-grade solar panels into Pixxel's next satellite partnership points to the growing synergy between Indian space-tech companies in developing globally competitive Space has made strides in designing and developing small satellites and key subsystems, including their sophisticated Solis+ solar panels. These panels, engineered with high-efficiency triple-junction GaAs solar cells, are designed to generate substantial power in the harsh conditions of The company has already been successful in exporting these panels to various countries, demonstrating their global market known for its innovative satellite imaging technologies, plans to utilise the Solis+ panels to power their upcoming satellite meets Space partners with @ partnership brings together two mission-driven companies building in India for the world; with Pixxel's hyperspectral constellation powered by Dhruva Space's indigenously developed Solis+ solar panels. Dhruva Space (@DhruvaSpace) July 7, 2025Kshitij Khandelwal, Founder and CTO of Pixxel, stated, "Power systems are mission-critical, and there's no room for errors in space. As we expand our capabilities, we're building with partners who bring deep technical ability and a shared focus on mission readiness, and Dhruva Space exemplifies both."This collaboration reflects a shared drive to engineering excellence and a commitment to delivering high-quality, accessible satellite data to those tackling global Egoor, CTO and Co-founder of Dhruva Space, expressed pride in the partnership, noting, "This partnership represents the best of India's NewSpace capabilities coming together." He emphasised the significance of Dhruva Space's role in designing, manufacturing, and exporting Space-grade solar panels, a feat achieved by only a few players globally."Furthering their commitment to innovation, Dhruva Space is establishing a new spacecraft manufacturing facility in South 6.5 acres and featuring 2,80,000 square feet of built-up space, this facility includes dedicated areas for solar array design and spacecraft assembly, integration, and partnership not only signifies a step forward in satellite technology but also highlights the increasing collaboration and interdependence within India's private space sector, marking a new era of growth and innovation for the country's space capabilities.- Ends
Business Wire
12-06-2025
- Business
- Business Wire
StratEdge Marks 40 Years of Innovation at IMS 2025 Booth 336
SANTEE, Calif.--(BUSINESS WIRE)-- StratEdge Corporation, leader in the design and production of high-performance semiconductor packages for microwave, millimeter-wave, and high-power devices, will showcase its thermally-efficient line of post-fired and molded ceramic semiconductor packages in Booth 336 at the International Microwave Symposium (IMS), held at the Moscone Center in San Francisco, from June 17–19. StratEdge packages operate from DC to 63+ GHz and effectively dissipate heat from compound semiconductor devices such as gallium nitride (GaN), gallium arsenide (GaAs), and silicon carbide (SiC). These packages enable compound semiconductor devices to meet the critical demands of markets such as telecom, broadband wireless, satellite, defense, test and measurement, automotive, and harsh environments. StratEdge marks 40 years of innovation at IMS 2025, highlighting high-performance ceramic packages for RF, microwave, and high-power applications—trusted in telecom, defense, 5G systems, and on Mars Rovers. Visit Booth 336 at the Moscone Center, June 17–19 Share The StratEdge team looks forward to meeting attendees face-to-face to discuss your high-frequency, high-reliability, and high-power packaging requirements. StratEdge's molded ceramic packages offer a convenient solution for space and defense applications and can be manufactured with thermally-enhanced metal bases to ensure efficient heat dissipation. Its post-fired ceramic packages are known for their electrical transition designs, which minimize signal losses to an exceptional degree. StratEdge also offers in-house assembly services in a state-of-the-art cleanroom equipped with the latest precision wire bonding and die attach systems, backed by decades of microelectronics assembly experience of high-frequency devices. Holz Engineering, the company that became StratEdge in 1992, was founded by Gary Holz in 1985. Since its inception, StratEdge has delivered high-quality, high-performance products for the microwave industry. "Much has changed since 1985, but some things have remained constant," said Casey Krawiec, Vice President of Global Sales at StratEdge. "We continue to design and manufacture packages for high-frequency, high-power, and high-reliability applications. StratEdge packages have been trusted from the very beginning for their superior performance in demanding applications and environments." Krawiec added, "Sadly, Ron Bub, StratEdge's first president, passed away on December 20 of last year. He was a remarkable leader who laid the strong foundation the company continues to build upon today." To learn more about StratEdge and its expanded production facilities, take a virtual tour at or visit the website at Photo: About StratEdge StratEdge Corporation designs, manufactures, and provides assembly services for a complete line of high-frequency and high-power semiconductor packages operating from DC to 63+ GHz. StratEdge offers post-fired ceramic and lower-cost molded ceramic packages, specializing in packages for extremely demanding gallium arsenide (GaAs) and gallium nitride (GaN) devices. Markets served include telecom for 5G, VSAT, broadband wireless, satellite, defense, test and measurement, automotive, clean energy, and harsh environments. All packages are lead-free and most meet RoHS and WEEE standards. Our facility in Santee, California, near San Diego, is both ITAR registered and ISO 9001:2015 certified.
Associated Press
12-03-2025
- Business
- Associated Press
University Wafer, Inc. Expands Leadership in Compound Semiconductor Substrates, Serving Global Research Demands
BOSTON, MA, UNITED STATES, March 12, 2025 / / -- University Wafer, Inc., a leading supplier of semiconductor substrates and services, proudly announces the expansion of its extensive range and expertise in compound semiconductor substrates. Amid growing global challenges in sourcing critical materials like gallium and indium due to geopolitical tensions, export restrictions, and fluctuating market availability, University Wafer, Inc. has proactively secured robust supply chains, ensuring uninterrupted availability for customers worldwide. With decades of industry experience and unmatched technical expertise, University Wafer continues to support cutting-edge research and development across diverse fields, including optoelectronics, telecommunications, power electronics, and photonics. Compound semiconductors, formed by combining elements from different groups of the periodic table, exhibit unique electrical, optical, and thermal characteristics distinct from traditional silicon substrates. These materials offer significantly higher electron mobility, direct bandgap properties, and superior thermal stability, making them ideal for advanced technological applications. University Wafer specializes in providing an extensive range of compound semiconductor substrates, including Gallium Arsenide (GaAs), Indium Phosphide (InP), Gallium Nitride (GaN), Silicon Carbide (SiC), Cadmium Telluride (CdTe), Zinc Selenide (ZnSe), and more. Recognizing the difficulties faced by many organizations in securing gallium and indium, University Wafer leverages established global partnerships and diversified sourcing strategies to ensure a stable supply. The company's expert team offers tailored guidance and technical assistance to help customers select substrates tailored to their specific project requirements. 'We are committed to empowering our clients' innovation by providing not only a vast selection of substrates but also reliable access to materials like gallium and indium, which have become increasingly challenging to source,' says Christian Baker, Founder/CEO University Wafer . 'Our robust supply chain strategies and longstanding global relationships enable us to consistently meet customer needs despite external market disruptions.' University Wafer's GaAs substrates are integral to the rapidly growing field of RF and microwave electronics, crucial for telecommunications, radar, and satellite communication technologies. Their low defect densities and excellent electron mobility support efficient, high-frequency operations, making them critical for 5G technology deployment and beyond. Similarly, University Wafer offers high-quality GaN substrates, which are revolutionizing power electronics and LED technology, delivering high efficiency, reliability, and performance in power management applications, including electric vehicles, renewable energy, and LED lighting. In the realm of III-V substrates, Indium Phosphide (InP) provided by University Wafer is essential for fiber-optic communications and high-speed electronics. With bandwidth demand continuously rising, InP substrates empower industries to achieve faster, more efficient data transmission, vital for next-generation internet infrastructure and 5G technology. Complementing their III-V product line, University Wafer's inventory of II-VI compound substrates, such as Cadmium Telluride (CdTe), Zinc Selenide (ZnSe), and Mercury Cadmium Telluride (HgCdTe), addresses specialized optical and sensing applications. CdTe substrates are notably utilized in advanced solar cells, providing superior efficiency and lower manufacturing costs compared to traditional silicon-based photovoltaics. Zinc Selenide (ZnSe) and Zinc Sulfide (ZnS) substrates from University Wafer are crucial in infrared optics and laser systems, supporting industries such as defense, aerospace, and industrial laser applications. Meanwhile, HgCdTe substrates continue to dominate infrared imaging and night vision technologies, supporting defense and aerospace missions globally. The rise of Silicon Carbide (SiC) as a superior substrate for high-power and high-temperature electronic devices has made it a cornerstone offering from University Wafer. SiC substrates deliver enhanced performance, reliability, and thermal conductivity, key in power electronic devices like electric vehicle charging infrastructure, power inverters, and renewable energy systems. Beyond offering diverse substrates, University Wafer sets itself apart through comprehensive expertise, assisting clients with technical guidance on selecting substrates best suited to their unique applications. By leveraging decades of experience and extensive technical knowledge, the company supports clients throughout the process, from substrate selection to post-sales technical advice. 'Our deep industry expertise allows us to provide informed recommendations and technical support to our clients,' says Mr. Baker. 'We ensure researchers, developers, and manufacturers have the right substrates, enabling innovation and accelerating the development cycle.' University Wafer's efficient quoting and streamlined procurement process ensures rapid delivery worldwide, meeting tight deadlines critical to R&D projects and industrial production schedules. With thousands of standard and custom substrates in stock, the company is prepared to fulfill even niche or highly specialized requests. UniversityWafer, Inc. prides itself on being responsive, knowledgeable, and reliable partners to our global customer base. Our reputation is built on our ability to deliver hard-to-find substrates quickly, maintaining our customers' competitive edge in the fast-paced technology market. In addition to standard offerings, University Wafer provides customized substrates tailored to precise specifications, including variations in doping levels, crystal orientation, thickness, and surface treatments. Their deep expertise in semiconductor materials positions them as a trusted advisor and partner in complex semiconductor projects. As technological advancements continue, compound semiconductor substrates from University Wafer play an increasingly critical role across emerging sectors, such as quantum computing, biomedical sensors, and next-generation optoelectronics. Their commitment to excellence, customer-focused service, and technical depth ensures sustained leadership in the semiconductor industry. UniversityWafer, Inc.'s mission has always been clear: support innovation by providing high-quality, reliable semiconductor substrates and unmatched expertise. As technology evolves and sourcing becomes more complex, we continuously expand and refine our inventory and capabilities, ensuring University Wafer remains a pivotal resource for groundbreaking semiconductor research and manufacturing worldwide. For further information, to request a quote, or to discuss specific semiconductor substrate requirements, please visit University Wafer, Inc. online at About University Wafer, Inc. University Wafer, Inc. is a leading supplier of semiconductor wafers and substrates globally, serving academia, industry, and research institutions. Renowned for its extensive product selection, technical expertise, and superior customer support, the company continues to facilitate cutting-edge innovations across various semiconductor applications. Contact: UniversityWafer, Inc. +1 617-268-2595 X LinkedIn YouTube Legal Disclaimer:
