News

5 January 2009

 

AXT renews GaAs substrate deal with IQE for up to $14.3m

AXT Inc of Fremont, CA, USA, which manufactures gallium arsenide, indium phosphide and germanium substrate and raw materials, has been awarded a production order worth about $14.3m for semi-insulating gallium arsenide substrates for the 2009 worldwide substrate requirements of epiwafer foundry IQE plc of Cardiff, UK. The order includes both 4-inch and 6-inch diameter semi-insulating GaAs to support IQE's wide-ranging materials needs.

“AXT continues to be a great partner for IQE,” says IQE’s president & CEO Drew Nelson. Previously, in Q4/2007, IQE placed an $18.6m GaAs substrate order with AXT for its 2008 manufacturing requirements. “Its strong customer service focus, ample manufacturing capacity and diverse product portfolio allow us to support diverse and unique requirements of our growing customer base,” he adds.

“As the industry continues to move towards larger-diameter substrates, we have made a firm commitment to supporting this transition through targeted capacity increases in our 6-inch manufacturing capability,” says AXT’s chairman & CEO Phil Yin. “We believe we are well positioned to support IQE's substrate needs in the coming year, and we look forward to continued close collaboration between our two companies.”

See related items:

AXT’s revenues fall due to requalifications and post-Olympics restrictions

IQE formally opens new Singapore plant

IQE reports growth in sales and profit

AXT receives IQE GaAs order worth up to $18.6m

See: AXT Company Profile

See: IQE Company Profile

Search: AXT IQE GaAs GaAs substrate

Visit: www.axt.com

Visit: www.iqep.com