FREMONT, CA -- (Marketwire) -- 10/27/08 -- AXT, Inc. (NASDAQ: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that Phil C.S. Yin, chairman and chief executive officer, and Wilson W. Cheung, chief financial officer, will present at the AeA Classic Financial Conference at the Manchester Grand Hyatt Hotel in San Diego, California from Tuesday, November 4th, 2008 to Wednesday, November 5th, 2008.

A link to the live webcast will be available on the Investor Relations section of the company's website at www.axt.com prior to the presentation. A replay of the webcast will be available shortly following the live presentation.

About AXT, Inc.

AXT designs, develops, manufactures and distributes high-performance compound and single element semiconductor substrates comprising gallium arsenide (GaAs), indium phosphide (InP) and germanium (Ge) through its manufacturing facilities in Beijing, China. In addition, AXT maintains its sales, administration and customer service functions at its headquarters in Fremont, California. The company's substrate products are used primarily in lighting display applications, wireless communications, and fiber optic communications. Its vertical gradient freeze (VGF) technique for manufacturing semiconductor substrates provides significant benefits over other methods and enabled AXT to become a leading manufacturer of such substrates, particularly in optoelectronics applications. AXT has manufacturing facilities in China and invests in five joint ventures producing raw materials. For more information, see AXT's website at http://www.axt.com.