For first-quarter 2022, AXT Inc of Fremont, CA, USA – which makes gallium arsenide (GaAs), indium phosphide (InP) and germanium (Ge) substrates and raw materials – has reported a ninth consecutive quarter of revenue growth, to $39.7m (near the top end of the guidance range of $38-40m). This is up 5% on $37.7m last quarter and 26% on $31.4m a year ago, highlighting market share gains and expansion into new applications and tier-1 opportunities...
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