For second-quarter 2022, AXT Inc of Fremont, CA, USA – which manufactures gallium arsenide (GaAs), indium phosphide (InP) and germanium (Ge) substrates and raw materials at its plants in China – has reported revenue of $39.5m, down slightly on $39.7m last quarter but up 17% on $33.7m a year ago. Also, this was despite COVID playing a role in the last week or two of the quarter, thwarting about $1.5m of deliveries...
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