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2013-11-06

GT Advanced Technologies Signs Multi-Year Sapphire Materials Agreement with Apple

The company also announced that it has entered into a multi-year supply agreement with Apple Inc. to provide sapphire material. GT will own and operate ASF® furnaces and related equipment to produce the material at an Apple facility in Arizona where GT expects to employ over 700 people. Apple will provide GT with a prepayment of approximately $578 million. GT will reimburse Apple for the prepayment over five years, starting in 2015.

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2013-10-24

GTAT Optimistic About Drive in ASF Demands By Non-LED Applications

The imbalance in sapphire substrate supply and demand is being overcome by increased demands in LED lighting applications and strong demands for non-LED applications. GT Advanced Technologies (GTAT) is optimistic about the rapid growth in smartphone demands for sapphire substrates. As a result, the company’s Advanced Sapphire Furnace (ASF) might grow and expand production capacity in the future.

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