XML 42 R30.htm IDEA: XBRL DOCUMENT v3.21.2

Investments in Privately-Held Raw Material Companies (Tables)

6 Months Ended

Jun. 30, 2021

Investments in Privately-Held Raw Material Companies

Summary of investments

As of June 30, 2021, the investments are summarized below (in thousands):

​

​	​	​	​	​	​	​	​	​	​	​	​
​	​	Investment Balance as of					​	​	​	​	​
​	​	June 30,		​	December 31,		​	Accounting	​	Ownership	*
Company		2021			2020			Method		Percentage	​
Nanjing JinMei Gallium Co., Ltd.	​	$	592	​	$	592		Consolidated		**85.5	%
Chaoyang JinMei Gallium Co., Ltd.	​	​	1,820	​	​	1,820	​	Consolidated	​	**85.5	%
Beijing BoYu Semiconductor Vessel Craftwork Technology Co., Ltd.	​		1,346	​		1,346		Consolidated		**85.5	%
ChaoYang XinMei High Purity Semiconductor Materials Co., Ltd.	​	​	1,814	​	​	—	​	Consolidated		***58.5	%
​	​	$	5,572	​	$	3,758	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​
Donghai County Dongfang High Purity Electronic Materials Co., Ltd.	​	$	1,878	​	$	1,651		Equity		**46	%
Beijing JiYa Semiconductor Material Co., Ltd.	​	​	2,767	​	​	1,418	​	Equity	​	39	%
Xilingol Tongli Germanium Co., Ltd.	​		—	​		—		Equity		25	%
Xiaoyi XingAn Gallium Co., Ltd.	​	​	3,248	​	​	2,822	​	Equity	​	**25	%
Emeishan Jia Mei High Purity Metals Co., Ltd.	​		384	​		485		Equity		25	%
​	​	$	8,277	​	$	6,376	​	​	​	​	​

Summarized equity method income information

AXT’s minority investment entities are not consolidated and are accounted for under the equity method. Excluding one fully impaired entity, the equity entities had the following summarized income information (in thousands) for the three and six months ended June 30, 2021 and 2020:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Six Months Ended

​

​

​

June 30,

​

June 30,

​

​

2021

2020

2021

2020

Net revenue

​

$

10,264

​

$

3,605

​

$

18,789

​

$

7,558

​

Gross profit

​

$

5,537

​

$

958

​

$

9,344

​

$

2,026

​

Operating income

​

$

4,693

​

$

265

​

$

7,753

​

$

462

​

Net income (loss)

​

$

4,491

​

$

(160)

​

$

7,103

​

$

(158)

​

X

- Definition

Tabular disclosure of investments.

+ References

No definition available.

+ Details

Name:	axti_InvestmentsTableTextBlock
Namespace Prefix:	axti_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

+ Details

Name:	us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration