Beijing time on November 7 morning news, Apple is seeking bankruptcy protection sapphire glass supplier GTAT (GT Advanced Technologies) on Thursday said the company is working with the company to investigate the US Securities and Exchange Commission (SEC) to cooperate.

GTAT on Thursday submitted to the US Securities and Exchange Commission filing that the Commission is asking for information about the company's stock trading activities, as well as the company's sapphire glass business.

Provide sapphire glass screen to mobile devices GTAT, October 6 this year, made an application to the bankruptcy court protection, the company did this in detail. Late last month, GTAT seek court approval of the company closed its synthetic sapphire business, said the company signed a cooperation agreement with Apple, "unbearable" and "heavy burden."

GTAT and Apple reached an agreement in November last year, Apple's $ 578 million to provide financial support to GTAT, so that the latter helps its production sapphire glass. But in September of this year released the new iPhone is still in use Corning's Gorilla Glass, did not use GTAT sapphire glass.

According to the agreement reached GTAT with Apple subsequently, if obtaining court approval, GTAT will be exempt signed an exclusive agreement with Apple, GTAT will also be able to control the company's sapphire manufacturing patents, as well as sales and ownership at Mesa, Arizona manufacturing plant .

Up to now, the US Securities and Exchange Commission spokesman Judith Burns (Judith Burns) declined to comment for this story.

Solutions

Under the settlement agreement previously signed with Apple GTAT, GTAT sapphire material will be out of production in favor of providing the production of sapphire crystal devices. In addition, GTAT will close in Arizona and Massachusetts Salem Mesa sapphire material manufacturing plant. GTAT will release all exclusive agreement with Apple, and Apple paid $ 439 million refund of advance payment, but without having to pay interest. Apple will drop all charges against GTAT, including the company's total of more than 1 billion US dollars in claims.

The agreement was reached with Apple GTAT, the two sides signed a confidentiality agreement. However, the presiding judge of the bankruptcy on Tuesday ruled that the unblocking of sensitive documents involving GTAT with Apple information. The judge found that there is no reason these documents kept secret, and therefore repeal a confidentiality agreement signed by Apple and GTAT. Before this ruling announced, GTAT had requested archive of sensitive documents to avoid being sued Apple.

Up to now, GTAT spokesman Jeff Levin pumping - Pat (Jeff Nestel-Patt) declined to comment for this story.


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According to Apple spokesman recently disclosed, although Apple has worked with GT's development, and manufacturing sapphire screen, but seemed to have no intention to put into the iPad screen sapphire material.

According to previous foreign media reports, Apple has worked with GT Advanced Technologies, Inc. has signed a $ 578 million worth of sapphire orders. However, due to the GT & nbsp; Advanced Technology Corporation recently declared bankruptcy, partnership with Apple and it has an end.

According to Apple spokesman recently disclosed, although Apple has worked with GT's development, and manufacturing sapphire screen, but seemed to have no intention to put into the iPad screen sapphire material. But now, Apple iPhone and iPad Touch & nbsp; ID and lens cap using a sapphire material.

I believe that with Apple's R & D work, with sapphire screen devices like the iPad will meet with consumers in the near future, it is worth the wait.


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Market research firm DIGITIMES Research observations indicate that, although GTAT declared bankruptcy and decided to close the Sapphire Dan Changjing plant, then Apple () does not explicitly said it would abandon the use of the mobile phone screen with sapphire protection, and Apple-related supply chain as Lexile (Lens Technology) after the segment Byrne (Biel? Crystal) has previously been considerably expanded cutting, grinding, polishing and other machines, the purpose is to prepare the phone for sapphire protective layer.

Recently came in 2015, Hon Hai will assemble sapphire screen new models, DIGITIMES Research believes that Hon Hai own crystal growth probability is not high, but observed that the existing Apple sapphire supply chain industry is still in the layout of the mobile phone screen with sapphire-related equipment and materials, pre-estimated 2015 Apple will have the opportunity to launch a limited edition fashion.

The public concern is GTAT plant closing, the future of sapphire ingot sources who will supply the phone the screen? In fact, the Lexile and posterior segment Byrne except as Apple Cutting and polishing sapphire manufacturers, many of Sapphire Dan Changjing plant also into Apple's supply chain through the aforementioned two companies, the current Apple products Home button, camera lens, Watch sapphire protective layer, for example, suppliers including Aorui De, Monocrystal, STC, quadruple Chongqing, Guizhou Haotian, the days pass, the future is above the industry have the opportunity to protect the phone with a sapphire layer potential suppliers.

Also DIGITIMES Research noted Lexile also started installing hundreds of Sapphire Dan Changjing equipment, at the end of 2014 into crystal growth processes, the company's first to 45 kg crystal-based, to be yield enhancement, we will go further amplified sapphire crystal volume and a substantial expansion of equipment capacity.

DIGITIMES Research believes Apple has the opportunity in 2015 to import mobile phone with a small sapphire protective layer, namely the flagship machine or limited edition phone will use the material, and then the full import less likely, the main reason Apple requires a lower price, it is a good long grain yield sapphire plant will supply priority for LED applications, and the new into the plant because it takes time to verify and enhance the yield, in 2015 the number probably will be able to supply limited, however, at least following the

Watch the protective layer after import sapphire, sapphire material Apple still intends to continue to phone large screen applications.


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Recently, the United States sapphire sapphire production of raw material suppliers and equipment manufacturers GT Advanced Technologies (GTAT) announced that the company has legally to the United States Bankruptcy Court proposed initiative bankruptcy filing. For a time, gone in addition to more than 90 percent of the company's shares, as well as a large number of lay members from the start of cooperation with Apple, had placed on the sapphire industry full of hope and confidence. The bursting of the moment, it is bankrupt to domestic enterprises and government caused huge losses of distressed and resentful of their.

But in fact, really be so terrible? A sapphire equipment and materials into a few years time, consecutive losses, $ 299 million in 2013 revenue, profit margin to 30% once the old PV equipment suppliers, where they come from so much energy? After all, it is because at the end of last year GTAT with Apple reached $ 578 million worth of sapphires phone screen supply agreement, let GTAT became the other end in the air flying up the fattest pig. Today, the tide receded, the GTAT was found swimming naked, the only thing they had their stuffed bear bitter fruit under. For domestic sapphire industry, whether suffered the effects mentioned above it?

First, the huge losses caused to the domestic GTAT bankruptcy and out of the question. Domestic purchase GTAT sapphire production equipment business does have a few, and some order amount of money, but there does not exist already prepaid deposit situation has not got a lot of equipment. Interpretation of related earnings can be corroborated this, by the end of 2013, GTAT scale new record backlog of products, worth up to $ 602 million.

GTAT failure is their own business decision problems and mass production 160kg ~ 200kg sapphire crystal lack of experience, its commitment to Apple's products many of which are indicators of laboratory data, fully withstand the test of production. In contrast, domestic enterprises purchasing GTAT equipment, after quite a long arduous transformation and innovation, the current supply of products from mobile phone applications, although there are still gaps, but the mainstream LED fully meet the market demand. Taking into account the investment and construction project in mind, in these CDB and local financial support for projects of strategic emerging industries, it should be said domestic enterprises do fail in their mission.

Secondly, from the GTAT, domestic producers still sapphire Dezhuan. GTAT equipment for the technological transformation and innovation, domestic enterprises are autonomous. After GTAT bankruptcy, China has purchased its equipment production will not be affected, but certainly after the expansion is to increase the difficulty.

Currently GTAT heat exchange method using domestic enterprises in Jiangsu star, Guangdong race Fei, Zhejiang, Guizhou Haotian and the city. Similar polysilicon production equipment, production equipment purchase GTAT sapphire companies already have autonomous operation, maintenance, upgrades and R & D capability to mature production 120kg-class crystal, LED and watches market in a good performance. However, if the bankruptcy is no longer available after GTAT sapphire production equipment, more enterprises to expand production capacity in the short term will be affected.

In addition to equipment suppliers GTAT sapphire outside, not only to the domestic supply of several Russian companies mature, more background Aorui De HIT photovoltaic and Yuan Liang science and technology has reached the international advanced level of domestic equipment manufacturers to choose from. GTAT bankruptcy, so that domestic sapphire equipment manufacturers less of a competitor, but also to make way for LED upstream equipment at home.

Finally, GTAT bankruptcy will not affect the good prospects for the development of the sapphire industry. GTAT sapphire promote the use of the phone screen opens up a new world of sapphire applications, but it also delayed the outbreak of the bankrupt consumer electronics applications sapphire. GTAT heat exchange technology can mature production line 120kg crystal, automation rate, compared to other technology roadmap Kyropoulos mature production 80kg crystal has certain advantages.

But in the long run, Kyropoulos will be more mature, the two technologies will coexist for a long route, which also for domestic enterprises to bring business opportunities. Huawei, vivo, Jin Sapphire has released three mobile phone manufacturers mobile terminal products, Tiantonggufen at the end of last month, won three domestic mobile phone manufacturers supply contract sapphire screen. At the same time, with the rising world demand for energy saving LED lighting brings market penetration, sapphires used in LED field is in full swing, wind and water. Sapphire industrial prospects of a bright future.

So, GTAT bankruptcy would be no negative impact on it? There is! GTAT sapphire bankruptcy broke aura domestic stocks, all stocks have been "lying gun", or not small. But to be fair, these stocks are also in the basic set off after Apple sapphire boom, touted to highs. It would appear that the return on stocks sapphire rational understanding, it seems not a bad thing.


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