AXT get IQE up to $18 million 600 thousand order

The purchase order identifies the position of AXT as a leader in the gallium arsenide substrate industry.

In December 19th, California is located in the United States AXT company (Montreal laborious and a leading manufacturer of semiconductor industry base) announced the acquisition of IQE PLC company in order to meet the demand of IQE company, the world within the scope of semi insulating GaAs substrate. The agreement is expected to be worth $15 million 100 thousand, in addition to an additional $3 million 500 thousand purchase option. According to the agreement, the order will be delivered before the end of 2008. IQE's substrate orders are mainly 6 inches of semi insulating GaAs.

IQE is one of the world's leading semiconductor outsourcing suppliers in the world. IQE, as a joint venture with outsourcing suppliers, can provide the world's leading semiconductor manufacturers to provide a one-stop one-stop service requirements.

IQE president and CEO Drew NELson, said: IQE growing demand, especially in terms of large diameter GaAs substrate, a good positioning for the AXT. AXT with its strong manufacturing capacity, unique raw material properties, a broad portfolio of products, to support the company's 2008 strong growth plan for the ideal partner. "

ATX chairman and CEO Phil Yin said: "through a variety of wireless products related to the needs of cooperation, we are pleased to become a major supplier of IQE. This protocol is the ability of our unique recognition of our production is to satisfy the customers, our success is consistent from beginning to end to provide high quality products, which should be attributed to the excellent design support and customer care. "

Source: China Semiconductor Lighting Network