AXT's indium phosphide backlog tops $100M as AI-driven demand surges, but export approvals remain the key factor shaping growth.
AXTI's backlog tops $100M as AI-driven indium phosphide demand surges, with capacity set to double in 2026 and again in 2027.
AXTI plans to quadruple indium phosphide capacity by 2027, using existing facilities and vertical integration to meet rising AI demand.
| Semiconductors & Semiconductor Equipment Industry | Information Technology Sector | Morris S. Young CEO | XETRA Exchange | US00246W1036 ISIN |
| US Country | 1,527 Employees | - Last Dividend | - Last Split | 21 May 1998 IPO Date |
AXT, Inc., initially known as American Xtal Technology, Inc. before rebranding in July 2000, is a seasoned entity in the semiconductor substrate industry, having been founded in 1986. With its headquarters established in Fremont, California, AXT specializes in the design, development, manufacture, and distribution of both compound and single element semiconductor substrates. The company operates on a global scale, leveraging a direct sales force in strategic locations such as the United States, China, and Europe, and further extending its market reach through independent sales representatives and distributors in key tech hubs including Japan, Taiwan, Korea, and other international markets.