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AXT cuts down workforce in Beijing production facility

Posted: 18 Mar 2005 ?? ?Print Version ?Bookmark and Share

Keywords:semiconductor? fiber-optic? communication?

AXT Inc. has revealed plans to reduce the workforce of its Beijing, China manufacturing facility by about 100 positions or about 15 percent. The move is being taken as part of the company's previously announced and ongoing effort to reduce its cost structure and bring capacity in line with current market demand.

The company is a producer of high-performance compound semiconductor substrates for the fiber-optics and communications industries. AXT's proprietary vertical gradient freeze (VGF) crystal growth technology produces low-defect, semi-insulating and semi-conducting gallium arsenide, indium phosphide and germanium wafers.

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