AXT INC

AXT, Inc. develops and manufactures high-performance compound and single element semiconductor substrate wafers, including indium phosphide, gallium arsenide, and germanium, as well as specialized raw materials. These specialty substrates serve as alternatives to traditional silicon when applications require superior speed, heat tolerance, or optical capabilities. The company operates across two primary product lines: specialty material substrates and raw materials such as purified gallium and pyrolytic boron nitride crucibles. Its products serve customers producing semiconductor chips, optical components, and electronic devices for data center connectivity, 5G communications, consumer electronics, aerospace solar cells, and industrial lasers.

The company conducts its manufacturing operations in the People's Republic of China through subsidiaries and joint ventures, maintaining facilities in locations such as Beijing. It serves global markets with shipments to customers across Asia, Europe, and North America. AXT's principal corporate headquarters is located in Fremont, California.

Summary of the business section of AXT's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

“As of December 31, 2025, AXT and Tongmei had 1,072 employees, which consisted of 23 employees in our headquarters in Fremont, California, one sales professional in France and 1,048 employees in our factories in China.”