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IQE

4 October 2013

AXT’s chief financial officer resigns

AXT Inc of Fremont, CA, USA, which makes gallium arsenide, indium phosphide and germanium substrate and raw materials, says that Raymond A. Low, VP & chief financial officer, is resigning his position (effective 14 October) in order to pursue another executive opportunity. For a transition period, Low has agreed to continue to support the firm as a consultant while it completes a search to fill the CFO position.

“Raymond has been a valuable contributor to AXT and a valued member of our management team,” comments CEO Morris Young. “I appreciate his leadership, dedication and expertise over the past nine years,” he adds.

“AXT’s solid financial foundation positions the company well for continued improvement,” believes Low. “I will work closely with the company to facilitate an orderly transition.”

See related items:

AXT’s revenue grows 4.5% in Q2

AXT reports revenue up 18% in Q1 to $22.4m, driven by Ge substrates and raw materials

AXT enters loss as revenue falls a further 9% in Q4

AXT revenue falls 17.5% to $20.8m in Q3

Tags: AXT GaAs GaAs substrate InP Germanium

Visit: www.axt.com

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