AXT, Inc. to Co-Host a One-Day Symposium in Shanghai

AXT, Inc. to Co-Host a One-Day Symposium in Shanghai

June 21, 2006

    FREMONT, Calif., June 21 /Xinhua-PRNewswire/ -- AXT,
Inc. (Nasdaq: AXTI), a leading manufacturer of compound
semiconductor substrates, today announced that it will
co-host a one-day symposium in Shanghai in cooperation with
the Shanghai Optoelectronics Trade Association (SOTA) on
June 28, 2006 in Xin Jin Jiang Tower Hotel in Shanghai. 
The symposium, entitled "Overview of the Current
Market, Technology, and Development of Compound
Semiconductor Materials in China," is designed to
bring together government, academia and business leaders to
discuss industry-related topics such as the development of
new energy sources, the future role of compound
semiconductor substrates and epitaxial technology.  

    "We are very pleased to sponsor this event along
with the Shanghai Optical Trade Association (SOTA) in an
effort to facilitate a discussion of timely issues within
our industry and to highlight the capabilities of local
businesses.  AXT operates the largest compound
semiconductor substrate manufacturing facility in the world
with plenty of capacity for expansion.  We have a rich
tradition of innovation that has been a hallmark of our
company for the past 20 years.  We were the first to
commercialize VGF technology, the technology that has
become the industry standard. Our commitment is to provide
high quality, low cost compound semiconductor products,
including gallium arsenide, indium phosphide and germanium,
which support a wide array of applications and customer
requirements.  We also offer a full suite of raw materials
and related products to customers not only in mainland
China, but worldwide.  Among our key goals is to expand our
base of customers and partners in China and to continue to
serve our industry and our community through innovation and
excellence," said Phil Yin, chief executive officer.

    About AXT, Inc.

    AXT designs, develops, manufactures and distributes
high-performance compound and single element semiconductor
substrates comprising gallium arsenide (GaAs), indium
phosphide (InP) and germanium (Ge). The company's substrate
products are used primarily in lighting display
applications, wireless communications, and fiber optic
communications. Its vertical gradient freeze (VGF)
technique for manufacturing semiconductor substrates
provides significant benefits over other methods and
enabled AXT to become a leading manufacturer of such
substrates, particularly in optoelectronics applications. 
AXT has manufacturing facilities in China and invests in
five joint ventures producing raw materials.  For more
information, see AXT's website at  http://www.axt.com . The
company can also be reached at 4281 Technology Drive,
Fremont, California 94538 or by calling [phone]. AXT
is traded on the NASDAQ National Market under the symbol
AXTI.

    For more information, please contact:

     John J. Cerilli, 
     Vice President, Global Sales and Marketing 
     AXT, Inc.
     Tel: [phone]

     Leslie Green 
     Green Communications Consulting, LLC
     Tel: [phone]

SOURCE  AXT, Inc.