What does "AXT" mean?

Your question appeared in Enterprise Management, and I guess that's what you want. The Optoelectronic Company of American Crystal Technology Group (AXT) is one of only two early high-power LED suppliers in the world. It has more than 30 international patents covering many key processes from epitaxial wafer growth to chip design. There are dozens of experts who mainly study in the United States, and their technical level ranks second in the United States and fourth in the world. 80% of the semiconductor epitaxial wafers and chips of AXT Optoelectronics in the United States have been supplied to Hewlett-Packard Company. However, in 2003, HP's purchasing policy suddenly changed, and all orders of AXT were cancelled, which made AXT Photoelectric Company suddenly fall into a loss position. In May 2003, AXT announced: "As a means to reduce costs, it will temporarily stop producing photoelectric products." Under the pressure of short-term performance, AXT intends to sell this photoelectric company. In September 2003, Minglu Group acquired the photoelectric company of American Crystal Technology Group (AXT) by lightning.