AXT, Inc. (AXTI) Receives Up to $18.6 Million Purchase Order From IQE
AXT, Inc. (AXTI), a leading manufacturer of semiconductors, announced that the company has been awarded with a production order from IQE PLC (AIM: IQE). This agreement is valued at approximately $15.1 million, with the option of IQE purchasing an additional $3.5 million of product. IQE is a global supplier of advanced semiconductor wafers with products that cover a diverse range of applications. IQE provides clients with a 'one stop shop' for any number of wafer needs, an often unmet, niche market. Drew Nelson, CEO of IQE, stated, "AXT is well positioned to be able to accommodate IQE's increasing demand, particularly…