AXT Inc.
AXTI.US | Manufacture of electronic components and boards
AXT, Inc. is a global materials technology company. It designs, develops, manufactures and distributes high-performance compound and single element semiconductor substrates. The company's substrates are used primarily in light emitting diodes (LEDs), laser diodes, transistors, and solar cells. AXT's...Show More
Better Health for All
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AXT Inc. faced 42 Cal/OSHA citations, including three deemed “willful, serious and repeat,” for willfully exposing workers to arsenic.
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The state Division of Occupational Safety and Health shut down AXT’s plant for four days following a 2000 inspection, and subsequent visits consistently found violations.
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The company knowingly poisoned its workers with criminal levels of arsenic, a carcinogen and reproductive toxin, leaving them to fear cancer and other diseases.
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These workers were primarily monolingual Chinese immigrants from Oakland.
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A health monitoring fund was established for the poisoned workers, but this is a reactive measure after harm occurred.
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Almost 90% of 209 surveyed former employees reported receiving no training on minimizing exposure to these chemicals.
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Fair Money & Economic Opportunity
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AXT, Inc. is a material science company that designs, develops, manufactures, and distributes high-performance compound and single element semiconductor wafer substrates.
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Its products include indium phosphide (InP), gallium arsenide (GaAs), and germanium (Ge) substrates, used in applications such as broadband, 5G infrastructure, data centers, LEDs, and solar cells.
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The company's core business does not involve offering lending, deposit, or other financial services to consumers. Therefore, all KPIs related to fair money and economic opportunity for consumers are not applicable.
Fair Pay & Worker Respect
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For the 2023 fiscal year, the CEO pay ratio for Morris S. Young was 77:1.
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This ratio is derived from his total compensation divided by the median employee compensation of $9,540.
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Fair Trade & Ethical Sourcing
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No specific, quantitative evidence was found in the provided articles to assess AXTI.US against any of the Fair Trade & Ethical Sourcing KPIs. The articles describe general company policies, such as a Code of Conduct for suppliers and a Code of Business Conduct and Ethics, but do not provide measurable performance data.
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There is no information on percentages of certified spend, audit frequencies, incident counts related to forced or child labor, traceability coverage, remediation times, ethical clause coverage in supplier contracts, share of spend on high-risk materials, or supplier diversity spend.
Honest & Fair Business
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A class-action lawsuit has been filed against AXTI, alleging violations of federal securities laws, including overstating property holdings, failing to disclose a failed subsidiary listing attempt in China, engaging in environmental violations and unsafe business practices, and making misleading statements.
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This lawsuit covers the period from March 24, 2021, to April 3, 2024.
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A report by J Capital Research, released on April 4, 2024, detailed concerns about AXTI's operations in China, including sales crashes, production plummets, and environmental issues forcing hazardous operations relocation.
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This report preceded a stock price drop of 34.94% on April 4, 2024.
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The company has 1,527 employees.
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No specific quantitative data is available for any of the KPIs in the rubric.
Kind to Animals
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No specific, concrete evidence was found in the provided articles for AXTI.US regarding any of the 'Kind to Animals' KPIs. The articles either explicitly state 'no information provided' or 'no data' for AXTI.US, or they discuss general industry trends, global conservation efforts, or other organizations without linking the information to AXTI.US.
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No War, No Weapons
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No evidence available to assess AXT Inc on No War, No Weapons.
Planet-Friendly Business
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AXT Inc. has a history of numerous environmental compliance violations.
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Over the five years prior to April 2024, the company's production was halted more than 10 times due to environmental problems.
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Specific incidents include a 10-day shutdown in 2018 due to severe air pollution.
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In 2020, the company was fined by the Beijing Public Security Bureau for its use of hazardous chemicals and for failing to disclose explosive precursor hazardous chemicals by the deadline.
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In 2021, an environmental report documented excess levels of arsenic in the soil and groundwater around certain facilities, and a subsidiary, Tongmei, was fined for exporting dangerous chemicals without a permit.
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Tongmei was also fined for failing to implement basic factory safety protocol.
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Respect for Cultures & Communities
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The provided articles do not contain any specific, concrete data points or information regarding AXT Inc.'s respect for cultures and communities. All articles explicitly state a lack of data for metrics such as formal partnerships, revenue reinvested in local communities, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms, FPIC participation rates, community governance inclusion, cultural preservation investment, local procurement share, indigenous supplier count, cultural site protection, social license to operate, charitable giving for cultural heritage, community fund allocation, language inclusivity, cultural incident response, or cultural training completion.
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The articles primarily focus on financial performance
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or carbon footprint.
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Safe & Smart Tech
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No specific, quantifiable evidence was found in the provided articles to assess AXTI.US against any of the 'Safe & Smart Tech' KPIs. While multiple articles mention a data breach at AXT, Inc. on April 8, 2025,
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they do not provide details on the scale of the breach (e.g., number of users affected) or the company's response, which are necessary to score the 'data_breach_severity' KPI. Information regarding other KPIs such as AI ethics, cybersecurity investment, privacy certifications, or data control was not present. , which discusses vulnerability management and bug bounty programs, explicitly states it is for 'Axis' and 'not directly tied to AXTI.US'.
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Zero Waste & Sustainable Products
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No specific, concrete data points were found in the provided articles for any of the KPIs related to Zero Waste & Sustainable Products for AXTI.US. Information regarding general gallium recycling rates, the need for recycling, or material usage in the broader electronics industry is not attributed to AXTI.US's specific actions or performance. Therefore, no KPIs can be scored.