AXT, based in Fremont, California, designs and manufactures semiconductor substrates, employing 1,456 people. Its products include InP, GaAs, and Ge substrates for applications in telecommunications, lighting, and solar cells.
AXTI has been in the news recently: AXT Inc. recently priced its public offering of 7,098,492 shares at $12.25 each, leading to an initial rise in its stock price. However, despite the positive trend seen in the market, AXT's stock subsequently declined after the offering.
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