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AXT, Inc. to Co-Host a One-Day Symposium in Shanghai

FREMONT, Calif., June 21 /PRNewswire-FirstCall/ -- AXT, Inc. (Nasdaq: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that it will co-host a one-day symposium in Shanghai in cooperation with the Shanghai Optoelectronics Trade Association (SOTA) on June 28, 2006 in Xin Jin Jiang Tower Hotel in Shanghai. The symposium, entitled "Overview of the Current Market, Technology, and Development of Compound Semiconductor Materials in China," is designed to bring together government, academia and business leaders to discuss industry-related topics such as the development of new energy sources, the future role of compound semiconductor substrates and epitaxial technology.

"We are very pleased to sponsor this event along with the Shanghai Optical Trade Association (SOTA) in an effort to facilitate a discussion of timely issues within our industry and to highlight the capabilities of local businesses. AXT operates the largest compound semiconductor substrate manufacturing facility in the world with plenty of capacity for expansion. We have a rich tradition of innovation that has been a hallmark of our company for the past 20 years. We were the first to commercialize VGF technology, the technology that has become the industry standard. Our commitment is to provide high quality, low cost compound semiconductor products, including gallium arsenide, indium phosphide and germanium, which support a wide array of applications and customer requirements. We also offer a full suite of raw materials and related products to customers not only in mainland China, but worldwide. Among our key goals is to expand our base of customers and partners in China and to continue to serve our industry and our community through innovation and excellence," said Phil Yin, chief executive officer.

About AXT, Inc.

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 company's substrate products are used primarily in lighting display applications, wireless communications, and fiber optic communications. Its vertical gradient freeze (VGF) technique for manufacturing semiconductor substrates provides significant benefits over other methods and enabled AXT to become a leading manufacturer of such substrates, particularly in optoelectronics applications. AXT has manufacturing facilities in China and invests in five joint ventures producing raw materials. For more information, see AXT's website at The company can also be reached at 4281 Technology Drive, Fremont, California 94538 or by calling (510) 683-5900. AXT is traded on the NASDAQ National Market under the symbol AXTI.

CONTACT: John J. Cerilli, Vice President, Global Sales and Marketing of AXT, Inc., +1-510-683-5900; or Leslie Green of Green Communications Consulting, LLC, +1-650-312-9060, for AXT, Inc.
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06/21/2006 09:30 EDT