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Re: bobroo post# 230426

Tuesday, 08/08/2023 11:35:28 AM

Tuesday, August 08, 2023 11:35:28 AM

Post# of 232783
GTAT….A significant winner for me….bought @ 5.5 and sold at 12 making six figures. Total cost of the GTAT/Apple venture was $900 million. $578 of which Apple “loaned” to GTAT to build a plant in Mesa, AZ. Product requirements were a “moving target” and GTAT was unable to keep up. GTAT went bankrupt and was reorganized.

I think Apple was courting GTAT to get leverage on Corning with no intention of ever really going commercial….any parallels with LQMT?????

Currently based in Hudson, NH, has 500 employees and is part of OnSemi making silicon carbide crystal for the power management industry.

The victors get to write the history so the world only knows the “Apple Version”.
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