Tongmei receives initial export permits from china's central ministry of commerce for gallium arsenide and germanium substrates

Fremont, calif., sept. 20, 2023 (globe newswire) -- axt, inc. (nasdaq: axti), a leading manufacturer of compound semiconductor substrates, today announced that beijing tongmei xtal technology co., ltd. (“tongmei”), axt's subsidiary in beijing, china, has met the applicable legal and commercial requirements and has received its initial export permits to resume shipping gallium arsenide and germanium substrates to certain customers.
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