AXT Acquires Crystacomm, Inc., Extending Its Leadership in Indium Phosphide Substrates
Indium phosphide is rapidly emerging as a material of choice for both new and existing applications, including optoelectronic devices for fiber optic telecommunications, passive optical networks (PON), and data center connectivity, as well as solar cells and next-generation wireless amplifiers. Crystacomm, headquartered in
"This technology acquisition is highly synergistic to our current InP business and provides further competitive differentiation and cost benefits," said
While still relatively small, the InP market has seen considerable growth over the last two years, much of this driven by fiber-to-the-home network deployments that are actively occurring across the globe. For example,
The landscape of InP substrate providers has been limited as a result of the relative technical difficulty in producing substrates that meet the stringent specifications for various optoelectronic and electronic applications. AXT has worked collaboratively with customers to overcome these challenges and has developed robust proprietary manufacturing processes over time, resulting in significant market share and leadership position in this expanding market.
The terms of the acquisition, which closed in the second quarter, are not being disclosed. The crystal-growth equipment and processes will be installed in AXT's
"I am very pleased to be able to leverage George's extensive expertise in what is emerging to be a very exciting and dynamic market," continued Young. "George's groundbreaking research enabled the early commercialization of InP, and Crystacomm has been at the forefront of the technology progression ever since. We are pleased to bring this valuable technology into our portfolio."
AXT designs, develops, manufactures and distributes high-performance compound and single element semiconductor substrates comprising gallium arsenide (GaAs), indium phosphide (InP) and germanium (Ge) through its manufacturing facilities in
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