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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Strawberries flourish in a Controlled-Environment Agriculture Installation with Horticulture LED lighting provided by Cree LED and RED Horticulture. (Photo courtesy of RED Horticulture) The integration of technology into every aspect of life i... READ MORE

The prior blog titled “Nichia’s contribution to a realization of a mercury-free society” took a short break. However, there was a release about new LED-based water disinfection devices made by Miura Co., Ltd., a Japanese manu... READ MORE