2015-12-02

GTAT Receives $ 80M Finance in Bankruptcy Exit

GT Advanced Technology’s exit bankruptcy details were filed in court this week, according to an Apple Insider report based on summary made by The Wall Street Journal earlier this week.
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2014-12-31

Three Trends Among “Runaway” Chinese LED Executives

“Every year there are escaping manufacturers, but this has become an ongoing trend in 2014,” is a common saying in China’s lighting industry. This is related to the easing domestic economic market, and slowdown in the real estate market leading to diminishing construction projects, said industry insiders. The LED industry is in a rapidly expanding phase, and all these indicate “winter is coming” in the LED lighting industry. However, not all manufacturers are capable of defending themselves against the “cold” and some have resorted to “selfish” measures.
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2014-12-27

Hipower Refutes Bankruptcy Rumor

Hipower recently rebutted a local Chinese-language magazine report claiming the company’s CEO went missing, due to its financial crisis. 
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2014-11-11

GT Advanced COO: Apple Used ‘Bait and Switch’ Tactic

Apple Inc. (AAPL) used “bait-and-switch” tactics in negotiating a contract with sapphire-maker GT Advanced Technologies Inc. (GTATQ), guaranteeing itself “heads I win, tails you lose” terms, a GT executive said in an unsealed court document.
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2014-11-06

Apple and GTAT Stick to Settlement after Unsealing of Documents

Apple and GT Advanced Technology (GTAT) settlement was unaffected by the publication of documents previously considered confidential, according to a Bloomberg report.
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2014-10-20

Apple’s Confidentiality Veil to be lifted in GTAT Bankruptcy Case

The seal on confidential documents signed between Apple and sapphire supplier GT Advanced Technology (GTAT) is expected to be gradually lifted in its bankruptcy case, according to a Bloomberg report.
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2014-10-13

GTAT Slashes Jobs, Prepares to File Lawsuit against Apple

GT Advanced Technology’s (GTAT) recently carried out major job cuts, and intends to take legal action against former partner Apple, according to a Reuters report.
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2014-10-09

Is Apple Set to Acquire GTAT?

Since GT Advanced Technology (GTAT) abruptly filed for bankruptcy protection this Monday, many industry insiders have speculated how this will impact Apple. While most Wall Street financial analysts believe Apple could walk away with GTAT’s sapphire equipment and patents at a bargain price, one report believes Apple could acquire GTAT.
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2014-10-09

GTAT CEO Sells out Huge Chunk of Shares Before iPhone 6 Debut

The CEO of Apple sapphire supplier GT Advanced Technology, which recently filed for bankruptcy protection, might have known financial doom was looming, according to a latest report from Wall Street Journal.
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2014-10-08

Tera Xtal Technology Remains Positive About Retaining GTAT Compensation

Taiwanese sapphire manufacturer Tera Xtal Technology remained upbeat about claiming payment from the bankrupt U.S.-based MOCVD manufacturer GT Advanced Technology (GTAT), according to a UDN report. Tera Xtal held a press conference on Wednesday under Taiwan’s Gretai Securities Market request to explain to investors the impact from GTAT’s bankruptcy filing.
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2014-10-07

Strained Relations with Apple Sinks GTAT

Sapphire manufacturer GT Advanced Technologies (GTAT) bankruptcy protection announcement sent shockwaves throughout Wall Street on October 6, 2014. Investors and financial institutes were shocked, no one expected the seemingly promising Apple sapphire supplier to declare insolvency.
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2014-10-07

[Breaking News] GT Advanced Technologies Files Bankruptcy

GT Advanced Technologies (GTAT), announced that it had, together with certain of its direct and indirect subsidiaries (collectively, GT), commenced voluntary cases under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Hampshire. GT expects the court will authorize the company to continue to conduct business as usual while it devotes renewed efforts to resolve its current issues and develops a reorganization plan.
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2014-01-03

2013 Review: It’s the Survival of the Fittest in the LED Industry

Looking back in 2013, the LED industry has finally rebounded after years of depression. Large manufacturers are taking advantage of other companies during their weak moments, burying the hatchet with well matched companies, or joining hands to defeat competitors. Many less competitive weaker companies  receded from the market this year. The survival of the fittest is anticipated to continue well into 2014. Restructuring of LED chip and package manufacturers will continue until 2015-2016, remarked Epistar chairman B.J. Lee.
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Cree announces the commercial availability of the XLamp® XD16 LED, the industry’s first Extreme Density LED, which delivers up to 5 ½ times higher lumen density than Cree’s previous generation of high power LEDs.

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LG Innotek today announced that the company has developed the world's first 100mW (mill watts) UV-C LED. This development is 2 years ahead of the industry forecast that predicted its development would be successful by 2020.

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