News Article
AXT Share Price Rockets By 17% After Financial Release
The firm's Gallium arsenide (GaAs) substrate revenue constituted the majority of sales in the last quarter at $19.2 million.
AXT designs, develops, manufactures and distributes high-performance compound and single element semiconductor substrates comprising gallium arsenide (GaAs), indium phosphide (InP) and germanium (Ge).
The firm released its third quarter results on 28 October and following this, the share price rocketed by over 17%. With GaAs substrates providing the majority of the revenue, this shows that the market, is still flooded by LED, wireless and fiber optic communications.
