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AXT provisionally ceases optoelectronics production in U.S.

Posted: 20 May 2003 ?? ?Print Version ?Bookmark and Share

Keywords:axt? optoelectronic device? high-brightness led? vcsel?

AXT Inc. has announced that it will temporarily stop production of optoelectronic devices at its U.S. facilities for two weeks this month as a cost reduction measure after which it will determine at what pace production will be resumed. AXT manufactures high-brightness LEDs and VCSELs.

According to AXT, this action is being taken because, while opto-electronic sales in April were in line with expectation, opto-electronic sales in May have decreased significantly. The decrease in business is reportedly largely due to customers reporting a slow down in demand for optoelectronic products as a result of the outbreak of SARS. During the shutdown, the company expects to ship products to meet customer orders from current inventory.





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