News Article
New board member for AXT
AXT announces the appointment of Nai-Yu Pai to its board of Directors
AXT, a manufacturer of compound semiconductor substrates, today announced that Nai-Yu Pai is joining AXT's Board of Directors, effective August 9, 2010. Pai will serve on the audit, compensation and nominating and corporate governance committees.
"We're delighted that Nai-Yu has accepted our invitation to join our board," said Jesse Chen, chairman of AXT's Board of Directors. "His strong financial background, extensive board-level experience and expertise in working with technology companies will provide AXT with valuable insight and perspective to aid in positioning us for further growth."
Pai has more than 30 years of accounting and auditing experience. He is the founder of Pai Accountancy, LLP, and has served on the Board of Directors for a number of technology companies, including JA Solar, a NASDAQ-listed manufacturer of high-performance solar products, Sigrity, Inc., a software company providing EDA tools to semiconductor, printed circuit board and packaging companies, and Vivente, Inc., a designer of 3D graphic chips for the ultra mobile PC market. He is also a Silicon Valley entrepreneur and founder and member of the Board of Directors of Authenex and Gaia Interactive. As a consultant, he has assisted a number of companies with fundraising and mergers and acquisitions, such as Marvell Semiconductor, @Road, Silicon Motion Inc, Accton Technology Corp., Amlogic, Global Manufacture and others.
Pai is a certified public accountant who holds a Master's Degree in accounting from Saint John's University in New York, where his primary area of emphasis was taxation and auditing. He also holds another Master's degree in Taxation from Golden Gate University.
"This is a very exciting time in AXT's development, with strong growth potential in the markets that it serves, as well solid execution in AXT's operations contributing to positive leverage in its business model," said Pai. "I look forward to working with AXT's Board and management to support the company through its continued growth and success."
