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Recent band structure calculations have suggested the potential for band tuning in the chiral semiconductor Ag3AuTe2 to zero upon application of negative strain. In this study, we report on the synthesis of polycrystalline Ag3AuTe2 and investigate its transport and optical properties and mechanical compressibility. Transport measurements reveal the semiconducting behavior of Ag3AuTe2 with high resistivity and an activation energy Ea of 0.2 eV. The optical bandgap determined by diffuse reflectance measurements is about three times wider than the experimental Ea. Despite the difference, both experimental gaps fall within the range of predicted bandgaps by our first-principles density functional theory (DFT) calculations employing the Perdew–Burke–Ernzerhof and modified Becke–Johnson methods. Furthermore, our DFT simulations predict a progressive narrowing of the bandgap under compressive strain, with a full closure expected at a strain of −4% relative to the lattice parameter. To evaluate the feasibility of gap tunability at such substantial strain, the high-pressure behavior of Ag3AuTe2 was investigated by in situ high-pressure x-ray diffraction up to 47 GPa. Mechanical compression beyond 4% resulted in a pressure-induced structural transformation, indicating the possibility of substantial gap modulation under extreme compression conditions.