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2013-11-07

Chinese Manufacturers Lose Their Cool Over Apple’s Massive Sapphire Substrate Investment

GT Advanced Technology (GTAT) announced that it has entered into a multi-year supply agreement with Apple Inc. to provide sapphire substrate materials for US $578 million (NT $17 billion). Feeling the effect, Chinese sapphire substrate listed company stockholders yesterday start preparing to make a move. Shanghai and Shenzhen have 8 related concept stocks and aside from Crystal Optech stocks which is under trade suspension, all others increased.
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