NuAxiSemiconductor trade intelligence
AXT’s revenue falls 24% in Q4, as InP hit by cooling data-center market and softness in 5G telecoms in China
What happened
AXT Inc reported Q4 revenue fell 24% year-over-year, driven by cooling demand for InP substrates in data centers and continued softness in the 5G telecom market in China. The company's full-year 2022 revenue grew only 2.7% to $141.1M, indicating a significant slowdown in key end-markets. Bearish: This signals weakening demand for compound semiconductor substrates, potentially leading to increased inventory and pricing pressure in the supply chain.
Impact and signal
Medium impactImpact score: 58/100
Affected components and suppliers
InP SubstratesGaAs SubstratesGermanium Substrates
AXT Inc
demand-weaknessearnings-missdata-center5G
Source and time
Source: Semiconductor Today · 2/20/2023 · View original source
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