SiliconBeat

Two days after telling the Securities and Exchange Commission it would be late in filing its annual financial report with the agency, AXT reported today that its chief financial officer and chairman of its board, Philip Yin, has quit “to pursue other opportunities, effective immediately.”

Yin, 67, became CEO of the Fremont maker of materials used in semiconductors in March 2005 and joined its board as chairman the next month. Details of any severance payment were Read the rest of this entry »

AngXT, the Fremont supplier of chip-making materials, warned Wednesday that results for its quarter just ended will be below previous guidance and that it will likely record a loss instead of a profit, as previously estimated.

In addition to blaming the “overall market slowdown and lower than expected demand from customers”, the company referred to Read the rest of this entry »