 FREMONT, Calif., Aug. 12, 2021 GLOBE NEWSWIRE -- AXT, Inc. NasdaqGS: AXTI, a leading manufacturer of compound semiconductor substrates, today announced that Morris Young, Chief Executive Officer, has been appointed Chairman of its Board of Directors, effective Aug. 12, 2021. Jesse Chen, who has served as Chairman of AXTs Board of Directors since 2009, will continue to serve as Lead Independent Director and as a member of the Board. 