A methodology is presented for altering the electrical properties of contacts to III-V compound semiconductors through the use of controlled interfacial chemical reactions. The process by which this is accomplished has been termed the exchange mechanism. Under this mechanism, a metallization consisting of a transition metal and a group III element (denoted TIII′) is reacted with the semiconductor (denoted IIIV) in such a way that the group III elements of the metallization and substrate, III′ and III, are exchanged without the formation of any new phases. This leads to the creation of a ternary semiconductor alloy S, or III′XSIII1-XSV, at the contact interface, where XS denotes the mole fraction of III′V in the semiconductor alloy phase S. ...