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 – says that for third-quarter 2022 it now expects revenue of $34-35m. This is below the guidance of $39-41m provided on 28 July, due mainly to weakening macroeconomic conditions, particularly in the demand environment in China. This is also down on $39.5m, but compares with $34.6m a year ago...
Source: https://www.semiconductor-today.com/new ... 1022.shtml