GT Advanced Technologies Inc fka GTAT

[Netsurfer]

I have heard from two reliable ex associates that the market for Sapphire furnaces for at least LED applications is about ZERO in China.
Many ex GT customers are running at 50% capacity and at least one has gone into BK.

It is hard to sell components as spares at rock bottom prices as they are cannibalizing idle capacity for parts to conserve cash

There may be some dealing taking place under the radar for a big cell phone screen application but that is pure speculation.

Note sure what the solar application is for sapphire.

The factory cost for an ASF was $200000 +/- based on some apple docs I recall so that is probably a top end for insurance purposes....less depreciation??