Reportedly, a Chinese based firm who is new to the LED industry has placed an order totaling $460.4 million from GT Solar for sapphire crystallization furnaces. It is GT’s largest single order to date.
According to Tom Gutierrez, GT Solar’s president and CEO, “Our customer is a well established, diversified manufacturing company located in China who is new to the LED industry. We are pleased that they have selected our advanced sapphire growth technology for their new sapphire production facility.”