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AXT, Inc. Announces Fourth Quarter and Fiscal Year 2020 Financial Results Nasdaq:AXTI


Management Qualitative Comments
2020 was a year of solid improvement for AXT, capped off by strong indium phosphide growth, particularly in 5G, in Q4, which is typically a seasonally down quarter, said Morris Young, chief executive officer. We completed the relocation of our gallium arsenide manufacturing, elevated our business and manufacturing processes to meet Tier-1 standards, and expanded capacity in response to increasing demand. Now, with the gathering momentum of 5G and its related technologies, the technology progression in data center connectivity, and new applications emerging in healthcare and consumer devices, we believe AXT is in a strong position to lead our industry and enable many of the defining trends of the coming decade. ....

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Wall Street closes down as tech stocks slide, jobless claims rise


Wall Street closes down as tech stocks slide, jobless claims rise
Reuters
New York |
Updated on
February 19, 2021
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Declines in big tech-related firms pressure Nasdaq, S&P 500; Walmart slides as tepid outlook overshadows upbeat Q4 sales; Facebook shares slip on news of blackout move in Australia
Stocks on Wall Street closed lower on Thursday as investors shifted out of big technology names, while an unexpected rise in weekly US jobless claims pointed to a fragile recovery in the labour market.
Shares of Apple Inc, Tesla Inc and Facebook Inc weighed the most on both the benchmark S&P 500 and the tech-heavy Nasdaq. ....

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