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AXT Inc. shares surge 15.35% intraday as AlixPartners report highlights rising semiconductor material demand from Asia-Pacific data center growth.
ByAinvest
Tuesday, Dec 2, 2025 9:59 am ET1min read
AXT Inc. surged 15.35% intraday as management consulting firm AlixPartners reported a 15% CAGR in Asia-Pacific data center capacity since 2020, projecting a 22% growth rate from 2025 to 2030, increasing demand for semiconductor materials.
The company specializes in designing, developing, manufacturing, and selling compound semiconductor substrate materials for optoelectronics and wireless communication, with operations in China through subsidiaries like Beijing Tongmei Xtal Technology.
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