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18 December 2007


AXT receives IQE GaAs order worth up to $18.6m

AXT Inc of Fremont, CA, USA has been awarded a production order from epiwafer foundry IQE plc for its global 2008 semi-insulating gallium arsenide substrate requirements, valued at about $15.1m (with an option to purchase a further $3.5m worth). IQE has epiwafer six manufacturing facilities in Cardiff in the UK; Bethlehem, PA and Somerset, NJ in the USA; and Singapore. All substrates (mainly 6-inch semi-insulating GaAs) will be shipped by the end of 2008.

“AXT is well positioned to be able to accommodate IQE’s increasing demand, particularly in larger-diameter gallium arsenide substrates,” says IQE’s president and CEO Drew Nelson. “Its expansive manufacturing capacity, unique raw material capability and broad product portfolio make it an ideal partner to support our strong growth plans for 2008,” he adds.

IQE’s choice of AXT as a major supplier is a result of close collaboration on qualifying on various wireless related requirements, says AXT’s chairman and CEO Phil Yin. “This agreement recognizes our unique capability to scale our manufacturing in order to meet the needs of our customers.”

Picture: AXT's chairman CEO Phil Yin. (Credit: AXT Inc.)

See related items:

SI GaAs epi market to grow at 8% through 2011

AXT’s 6” GaAs sales dip due to BiFET transition

IQE wins multi-year contract as preferred epi supplier to Anadigics

Demand grows for SI GaAs bulk substrates

Search: AXT IQE GaAs GaAs substrate

See: AXT Company Profile