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AXT, Inc. Formally Introduces Full Suite of Raw Materials Products

FREMONT, Calif., Jan. 26 /PRNewswire-FirstCall/ -- AXT, Inc. (Nasdaq: AXTI), a leading manufacturer of compound semiconductor substrates, today formally introduced its raw material product offering that includes: 4N, 6N, and 7N Gallium, B2O3 (Boric Oxide), Germanium, Arsenic, pBN (pyrolitic Boron Nitride) crucibles used in crystal growth and parts for MBE (Molecular Beam Epitaxy).

These raw materials are required in the manufacture of compound semiconductor substrates and are offered as part of AXT's joint venture operations with five companies in China. The joint ventures, located in the Beijing and Nanjing area, include: Beijing Ji Ya Semiconductor Material Co. Ltd., Nanjing Jin Mei Gallium Co. Ltd., Xilingol Tongli Germanium Co. Ltd., Emeishan Jia Mei High Purity Materials Co. Ltd., and Beijing Bo Yu Semiconductor Vessel Craftwork Technology Co. Ltd.

"This expanded raw material offering allows us to provide enhanced value to our customers by enabling them to work with one supplier for all of their substrate and raw material requirements," said Phil Yin, chief executive officer. "We are the only compound semiconductor substrate supplier to offer a full suite of raw materials and we believe that it gives us a strong competitive advantage in our marketplace."

About AXT, Inc.

AXT is a leading producer of high-performance compound semiconductor substrates for the fiber optics and communications industries. The company's proprietary Vertical Gradient Freeze (VGF) crystal growth technology produces low-defect, semi-insulating and semi-conducting gallium arsenide, indium phosphide and germanium wafers. For more information, see AXT's website at http://www.axt.com. 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.

SOURCE AXT, Inc.

CONTACT: Wilson W. Cheung, Chief Financial Officer of AXT, Inc., +1-510-683-5900;
or Leslie Green of Stapleton Communications, +1-650-470-0200, for AXT, Inc.