2016-11-17

Genesis Photonics Inc. Refutes Market Rumors of Bankruptcy

The LED market’s downturn resulted in net losses for certain manufacturers, such as Taiwanese LED die manufacturer Genesis Photonics Inc., leading to rumors that it is on the brink of a shutdown, reported Apple Daily.
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2014-10-08

GTAT Insolvency Marks Uncertain Future for Sapphire Cover Glass

U.S. sapphire furnace and sapphire manufacturer GTAT, the primary sapphire supplier to Apple, filed for bankruptcy on October 6. As of September 29, GTAT reported having US $85 million in cash. Under the $578 million multi-year agreement GTAT and Apple signed last November, GTAT must supply a certain volume of sapphire ingots to Apple while Apple was to pay GTAT in four installments with the final $139 million payment scheduled for the end of October. But low sapphire yield rates have made Apple withhold the last payment. Additionally, GTAT lost an American Arbitration Association (AAA) lawsuit against Taiwanese sapphire manufacturer Tera Xtal Technology in August. AAA ruled GTAT should return payment totaling $ 24 million for faulty sapphire crystal growth furnaces, which greatly strained the firm’s finances.
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Fluence, a leading global provider of energy-efficient LED lighting solutions for commercial cannabis production, is introducing the latest fixture in its VYPR top light series: VYPR 4. The low-profile luminaire features a fully sealed, tri... READ MORE

Samsung Electronics Singapore demonstrated its ongoing commitment to the future of virtual production in Southeast Asia and Oceania with a showcase of The Wall for Virtual Production (IVC series) in Singapore. Developed in collaboration with A... READ MORE