GT Advanced Technologies Inc fka GTAT

[TheGreatSwami]

Press Release: GT Advanced Technologies Releases Next Generation Silicon Carbide Platform Addressing Emerging Demand for 6-inch Wafers
http://investor.gtat.com/releasedetail.cfm?ReleaseID=1033117


July 13, 2017
GT Advanced Technologies Releases Next Generation Silicon Carbide Platform Addressing Emerging Demand for 6-inch Wafers
Company expands its product portfolio to address the rapidly-growing power electronics market with a complete silicon carbide merchant solution

MERRIMACK, N.H., July 13, 2017 (GLOBE NEWSWIRE) -- GTAT Corporation (GT) announced that it has launched for commercial sale a silicon carbide production solution with a stable and repeatable process, capable of producing high-quality, semiconductor grade, six-inch silicon carbide boules. With this breakthrough, the company now offers a complete silicon carbide production solution capable of achieving industry leading cost points. The company offers its SiClone™200 furnace, a production-ready sublimation furnace, along with process technology, hot zones, and technical support to companies wishing to produce silicon carbide boules and wafers.

"This is an important milestone for the company and the power electronics industry," said Greg Knight, CEO at GT Advanced Technologies. "Our crystal growth experts have worked hard to achieve a repeatable, high-yield process technology for producing high quality silicon carbide boules. Much of the world's silicon carbide production remains captive, which limits supply and keeps prices high. Our silicon carbide solution will help to increase the availability of silicon carbide semiconductors at significantly lower costs by increasing supply as production increases. We view this as a key step in enabling new high power semiconductor applications targeting market verticals such as electric vehicles and next generation PV inverters."

GT has a long history with developing silicon carbide equipment and solutions going back more than 15 years. The company pioneered the growth of two and four-inch silicon carbide boules in its SiClone sublimation furnaces. The company is well positioned to offer production-ready solutions with technology covering the entire production process.

About GTAT Corporation
GTAT Corporation is a diversified technology company producing innovative crystal growth equipment for the solar PV and power electronics industries and sapphire material for precision optics and other specialty industries. The company's technical innovations accelerate the use of advanced materials, enabling a new generation of products across this diversified set of global markets. For more information about the company, please visit www.gtat.com.