This is apparently the most important III-V semiconductor, it seems to actually have some applications, see also: gallium arsenide vs silicon.
The Supermen: The Story of Seymour Cray by Charles J. Murray (1997) page 4 mentions:
Cray wanted his new machine to employ circuits made from a material called gallium arsenide. Gallium arsenide had achieved limited success, particularly in satellite communications and military electronics. But no one had succeeded with it in anything so complicated as a computer. In the computer industry, engineers had developed a saying: "Gallium arsenide is the technology of the future," they would say. "And it always will be."

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