2014-07-08

GTAT Stocks Downgraded by Foreign Investment Firms

GT Advanced Technologies (GTAT) shares plummeted 11 percent after investment analysts downgraded GTAT stock ratings from buy to neutral on July 7, 2014.
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2014-05-05

Sapphire Production Underway for Apple at Arizona Facility

GT Advanced Technologies’ (GT) Arizona sapphire substrate facility reportedly began small scale sapphire production last month. Stephen Chin, analyst of UBS, revealed that the facility has also already begun shipping material to a Chinese supplier. 
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2014-03-31

Apple Stays Tight Lipped Despite Sapphire Plant Expansion

The joint facility owned by Apple and GT Advanced Technologies in Mesa, Arizona is expanding, said Apple Insider. The number of buildings and facilities on the 83-acre plot of land is growing, perhaps to accommodate higher yields for products yet to be announced. 
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2014-03-05

GT Advanced Technologies Licenses PVD Technology From Kyma Technologies, Inc.

GT Advanced Technologies announced that it has acquired exclusive rights from Kyma Technologies, Inc. for its plasma vapor deposition (PVD) process technology and know-how. The PVD of nano-columns (PVDNC™) technology developed by Kyma deposits a high-quality growth initiation layer of aluminum nitride (AlN) on wafers prior to gallium nitride (GaN) deposition. 
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2014-02-26

GT Advanced Technologies 2013 Revenue Down from 2012

Management Commentary   "Our arrangement to supply sapphire materials to Apple is progressing well and we started to build out the facility in Arizona and staff the operation during the quarter," said Gutierrez. "We are pleased to have Apple as a sapphire customer and to be in a position to leverage our proprietary know-how to enable the supply of this versatile material. While our primary focus during the balance of the year is to continue to execute on our commitments in Arizona, our aim is to position GT not only as an exceptional sapphire supplier to ...
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2013-04-12

GT Appoints Linda Reinhard As New VP for Business Development

GT Advanced Technologies has appointed Linda Reinhard as vice president, new business development and product management for the company's sapphire, DSS and HiCz products. Reinhard will report to Dan Squiller, GT's chief operating officer. She will be responsible for leading GT's growth into new market segments and driving the product roadmap to capitalise on these new opportunities including sapphire for cover and touch screen applications. "Linda brings deep experience and a proven track record in both product management and new business develo...
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2013-02-25

GT Advanced Technologies Enters a Development and Licensing Agreement with Soitec

HVPE system expected to lower the cost of LED production and accelerate adoption in commercial and residential lighting GT Advanced Technologies (NASDAQ: GTAT) and Soitec (NYSE Euronext: SOI), today announced a development agreement and a licensing agreement allowing GT to develop, manufacture and commercialize a high-volume, multi-wafer HVPE system to produce high-quality GaN epi layers on  substrates used in the LED and other growth industries such as power electronics. The higher growth rates and improved material properties made possible ...
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2013-02-25

GT Advanced Technologies New Appoints for Vice President, New Business Development and Product Management

GT Advanced Technologies announced the appointment of Linda Reinhard as vice president, new business development and product management for the company’s sapphire, DSS™ and HiCz™ products reporting to Dan Squiller, GT’s chief operating officer. Reinhard will be responsible for leading GT’s growth into new market segments and driving the product roadmap to capitalize on these new opportunities including sapphire for cover and touch screen applications. Dan Squiller, GT’s chief operating officer, said  “Linda’s i...
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2012-12-19

GT Advanced Technologies Provides Q4 CY12 Guidance Range, CY13 Preliminary Outlook

GT Advanced Technologies (NASDAQ: GTAT) announced its guidance range for the fourth quarter ending December 31, 2012 and provided its preliminary outlook for fiscal year 2013 ending December 31, 2013. For Q4CY12 and CY12 the company provided the following guidance: •    Revenue in the range of $95 million to $102 million in Q4CY12; $726 million to $733 million in CY12 with approximately 62% of CY12 revenue from polysilicon, 31% from sapphire, and 7% from PV •    The company expects to take a charge of $80 million t...
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2012-11-16

GT Advanced Technologies Spends $10 million to Acquires Assets of Twin Creeks Technologies

GT Advanced Technologies Inc. announced it has acquired certain capital assets and intellectual property of Twin Creeks Technologies, Inc., a privately owned company that has developed an ion implanter technology that enables the production of lower cost thin substrates with minimal material (kerf) loss. The assets were purchased from Twin Creeks’ lenders in a private sale for approximately $10 million and royalties that will be based on future sales. GT expects that Twin Creeks’ unique Hyperion™ ion implanter technology will have broad application in...
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2012-11-02

GT Advanced Technologies Announces Reorganization and Steps to Streamline Operations, Including Approximate 25% Reduction in its Global Workforce

GT Advanced Technologies announced on Oct. 31, that it is streamlining worldwide operations to better align its cost structure with current market conditions and enhance its ability to pursue strategic growth initiatives, including the consolidation of existing business units into a single Crystal Growth Systems (CGS) group and cost reduction actions including an approximately 25 percent reduction of the company’s global workforce. When fully implemented, the workforce reduction is expected to reduce the company’s annualized expenses by approximately $13 million. G...
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2012-08-06

GT Advanced Technologies Inc. Announces Results for Quarter Ending June 30, 2012

GT Advanced Technologies Inc. (NASDAQ: GTAT) reported results for the second quarter of calendar year 2012, which ended June 30, 2012. Effective April 16, 2012, the company changed its fiscal year-end to December 31. The second quarter of calendar 2012 is the first quarterly period of the company’s nine month transition period ending December 31, 2012. Revenue for the second quarter of calendar 2012 exceeded the company’s previously issued guidance at $167.3 million, compared to $353.9 million in the first quarter of calendar 2012 and $231.1 million in th...
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2012-05-09

GT Advanced Technologies LED Manufacturing Symposium on May 9-10, 2012

GT Advanced Technologies is to host a LED manufacturing symposium in Shanghai, China, May 9-10, 2012. The event will bring together a wide range of manufacturers from the LED value chain throughout Asia, from sapphire crystal growers to epi-wafer and LED device producers, to discuss the metrics that matter most in producing high yielding and high quality LEDs. Particular focus will be on the role that high quality sapphire material plays in driving downstream yield improvements and costs reductions. Presenters include representatives from Philips Lumileds, Ari...
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2012-03-22

Zhejiang Shangcheng Places $12.6 million Order for GT Advanced Technologies ASF™ Sapphire Furnaces

Zhejiang Shangcheng Science & Technology Co., Ltd (Shangcheng) has continued to place a $12.6 million order from GT Advanced Technologies for additional ASF™ sapphire growth furnaces. GT's ASF(tm) utilizes the production-proven heat exchanger method (HEM) for producing high quality sapphire boules and cores suitable for the LED industry and other industries requiring high quality sapphire material. The ASF furnaces will increase Shangcheng’s production capacity, which the company believes is needed to meet expected demand from the LED...
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2012-02-22

GT Advanced Technologies Successfully Hosted China LED Media Event on 21, February

GT Advanced Technologies Inc., a leading global provider of polysilicon production technology, and sapphire and silicon crystalline growth systems and materials for the solar, LED and other specialty markets, has successfully hosted China LED media event at Shangri-La Hotel, Guangzhou on 21, February, 2012. During the event, Paul Beaulieu, the vice president of sapphire materials group, has given a presentation about the overview of GT’s Material Characterization Project, the Impact of Sapphire Quality on LED Wafering, and additional material characte...
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2011-12-09

GT Advanced Technologies Releases Case Study for the Impact of Sapphire Color on The LED Manufacturing Process

GT Advanced Technologies has released a case study of evaluating the impact of sapphire color on the LED manufacturing process. All studies were conducted using blind samples of GT ASF sapphire material as well as LED grade sapphire from other sources. The case study results were obtained from an independently conducted Glow Discharge Mass Spectroscopy (GDMS) analysis as well as a High Brightness (HB) LED device fabrication study performed using Photo-thermal Common-path Interferometry (PCI) analysis. The studies demonstrated that all sapphire, re...
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2011-11-16

Cheryl Diuguid, VP of GT Advanced Technologies: The New Outlook of LED Sapphire Market

Over the recent years, the global LED capacity has been expanding rapidly, which is attributed to the booming growth of LED backlight and LED lighting market triggered by the capacity expansions of LED upstream and downstream players. LED sapphire substrate industry is the upstream sector most relevant to the LED chip industry, as sapphire substrate is one of the most important materials of LED chips. The development and directions of related equipment makers are also closely followed by the market. LEDinside conducted an exclusive interview with Cheryl Diuguid,...
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2011-09-07

GT Advanced Technologies’ VP/GM of Sapphire to Present at J.P. Morgan’s LED Lighting Symposium September 8th

GT Advanced Technologies Inc., (NASDAQ: GTAT), today announced that Cheryl Diuguid, vice president and general manager of Sapphire Equipment and Materials will present at the J.P. Morgan LED General Lighting Symposium on September 8, 2011 at 11:50am ET. The presentation will be webcast on a live and archived basis. About GT Advanced Technologies Inc. GT Advanced Technologies, Inc. is a global provider of polysilicon production technology, and sapphire and silicon crystalline growth systems and materials for the solar, LED and other spec...
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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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