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BEIJING (Reuters) – U.S. semiconductor wafer maker AXT Inc said its Chinese subsidiary Beijing Tongmei had received initial export permits for shipping gallium arsenide and germanium substrates – compounds key to chipmaking – to certain customers.
Source: https://www.shorenewsnetwork.com/2023/09/21/us-firm-axt-says/
Finally, Needham & Company LLC decreased their price target on AXT from $9.00 to $6.00 and set a “buy” rating for the company in a report on Friday, October 28th.