AXT (AXTI)

Item 8.01. Other Items.

In a press release dated January 9, 2007, AXT, Inc. announced the closing of the sale of an additional 862,500 shares of common stock in its December 19, 2006 public offering pursuant to the underwriter’s exercise of its over-allotment option.  Additional details regarding the public offering are contained in the press release, a copy of which is attached hereto as Exhibit 99.1 and which is incorporated herein by reference.

Item 8.01. Other Items.

In a press release dated December 19, 2006, AXT, Inc. announced the closing of the sale of 5,750,000 shares of its common stock at a price per share of $4.50 in a firmly underwritten public offering.  Additional details regarding the public offering are contained in the press release, a copy of which is attached hereto as Exhibit 99.1 and which is incorporated herein by reference.

Item 8.01. Other Items.

In a press release dated November 30, 2006, AXT, Inc. announced that it has filed a prospectus supplement relating to the sale of 4,150,000 shares of its common stock in a firmly underwritten public offering.  Additional details regarding the public offering are contained in the press release, a copy of which is attached hereto as Exhibit 99.1 and which is incorporated herein by reference.

Item 8.01. Other Items.

The Company also announced that on November 22, 2006, a People’s Republic of China (PRC) government release (Release No. 82 from the Ministry of Commerce, the General Administration of Customs and the National Environmental Protection Bureau) took effect that modifies an earlier PRC government release (Release No. 139 of the Ministry of Finance, the Development and Reform Commission, the Ministry of Commerce, the General Administration of Customs and the State Tax Bureau issued September 14, 2006) regarding the imposition of customs duties on, and a reduction or elimination of refunds of value-added taxes that companies pay when they purchase, certain raw materials, including gallium and arsenic.  The cumulative effect of the two releases is that the Company’s PRC joint venture companies will no longer receive a refund of value-added tax for exports of gallium or arsenic, including certain shipments to the Company’s wholly-owned PRC subsidiary that are treated as exports under PRC tax regulations.  However, the Company’s PRC joint venture companies sell only a portion of their gallium in transactions that are considered exports, and none of those PRC joint venture companies currently exports arsenic.  Therefore, after having conducted further analysis on its consolidated financial results, which include a portion of the financial impact of these releases on the Company’s PRC joint venture companies, the Company believes that its consolidated financial results will not be materially affected.

A copy of the associated press release is attached hereto as Exhibit 99.1 and incorporated herein by reference, including information regarding forward looking statements contained therein and certain risks and uncertainties associated with such forward looking statements.

2