13 August 2010


AXT appoints Nai-Yu Pai to board of directors

AXT Inc of Fremont, CA, USA, which manufactures gallium arsenide, indium phosphide and germanium substrate and raw materials, has appointed Nai-Yu Pai to its board of directors, effective August 9, 2010. Pai will serve on the audit, compensation and nominating and corporate governance committees.

Pai has over 30 years of accounting and auditing experience. He founded Pai Accountancy LLP, and has served on the board of directors for several technology companies, including JA Solar, Sigrity Inc, and Vivente, Inc. Pai is also a Silicon Valley entrepreneur and founder and member of the board of directors of Authenex and Gaia Interactive. As a consultant, he has assisted a number of companies with fundraising and mergers and acquisitions, such as Marvell Semiconductor, @Road, Silicon Motion Inc, Accton Technology Corp, Amlogic, and Global Manufacture.

Pai is a certified public accountant, and holds a Master's Degree in accounting from Saint John's University in New York, where his primary area of emphasis was taxation and auditing. He also holds another Master's degree in Taxation from Golden Gate University.

"We're delighted that Nai-Yu has accepted our invitation to join our board," said Jesse Chen, chairman of AXT's board of directors. "His strong financial background, extensive board-level experience and expertise in working with technology companies will provide AXT with valuable insight and perspective to aid in positioning us for further growth."

"This is a very exciting time in AXT's development, with strong growth potential in the markets that it serves, as well solid execution in AXT's operations contributing to positive leverage in its business model," said Pai. "I look forward to working with AXT's board and management to support the company through its continued growth and success."

See related items:

AXT’s profit doubles as revenue rises 25% in Q2 to $23.2m

Search: AXT GaAs GaAs substrate InP Germanium