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AXT’s Q3 GaAs revenue hit by China export restrictions, offset by rebound in InP

What happened

AXT Inc reported Q3 2023 revenue fell to $17.4M, more than halving year-over-year from $35.2M. GaAs substrate revenue dropped sharply to $4.2M due to China export restrictions, partially offset by a rebound in InP demand. 关注: Mixed signal; GaAs supply chain disruption is a bearish factor, while strong InP demand provides a bullish counterweight.

Impact and signal

Medium impactImpact score: 58/100

Affected components and suppliers

GaAs SubstratesInP Substrates

AXT Inc

export-restrictionsdemand-shiftearnings-report

Source and time

Source: Semiconductor Today · 11/24/2023 · View original source

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AXT’s Q3 GaAs revenue hit by China export restrictions, offset by rebound in InP

What happened

Impact and signal

Affected components and suppliers

Source and time

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