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Beyond Silicon: CEO of Next-Generation Semiconductor Materials Maker AXT Tells Wall Street Reporter His Company is in the Right Place at the Right Time

NEW YORK, Sep 20, 2007 (PrimeNewswire via COMTEX News Network) -- Wall Street Reporter Magazine recently talked to Dr. Philip C.S. Yin, CEO of AXT Inc. (Nasdaq:AXTI), about how his company has turned its business around and is now in position to regain its place as the top manufacturer of compound- and germanium-derived semiconductor substrates.

"We're in the right place at the right time; we're participating in three very robust markets that are growing at double digits," Dr. Philip C.S. Yin explains. "If we keep executing, our goal once again is to become No. 1."

The exclusive interview is now available at in streaming audio and mp3 format, free of charge.

Highlights include various points of interest to potential investors:

-The role of new management in eradicating historical quality concerns at the company's Beijing manufacturing facility (the world's largest), getting revenue and market share back on a positive track and restoring profitability.

-The high growth potential (18%+) of the company's three primary end markets: mobile handsets, LEDs and solar cells.

-The value of Chinese joint ventures in securing supply of gallium, germanium and other hot commodities; for an initial investment of $5 million, these ventures now generate $3 million a quarter in revenue for the company.

-How the company is at least two years ahead of any competitors looking to ramp up their production.

"We don't think they have room to expand," he tells WSR. "The market is with us. The company is back on track from a credibility standpoint. From a revenue standpoint, we doubled. We're profitable."

About Wall Street Reporter

Wall Street Reporter (Est. 1843) helps smart investors connect with exciting companies, through our website, magazines and conferences. We're probably best known for our exclusive interviews with industry-leading CEOs and the world's top investment experts.

About AXT Inc.

AXT designs, develops, manufactures and distributes high-performance compound and single element semiconductor substrates comprising gallium arsenide, indium phosphide and germanium.

Forward-Looking Statements

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors.

This news release was distributed by PrimeNewswire,

SOURCE: Wall Street Reporter Magazine; AXT Inc.

Wall Street Reporter Magazine
Jack Marks, CEO & Publisher
212-363-2600 ext 260

AXT Inc. Dr. Philip C.S. Yin, CEO 510-683-5900