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Stock Market & Financial Investment News

News Breaks
August 4, 2014
17:47 EDTGTATGT Advanced says build-out of Arizona facility 'nearly complete'
Tom Gutierrez, president and CEO noted, "The build-out of our Arizona facility, which has involved taking a 1.4 million square foot facility from a shell to a functional structure as well as the installation of sapphire growth and fabrication equipment, is nearly complete and we are commencing the transition to volume production," Gutierrez continued. "We remain confident about the long-term potential of the sapphire materials business for GT."
News For GTAT From The Last 14 Days
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October 28, 2014
12:56 EDTGTATGT Advanced says litigation against Apple would be 'expensive,' WSJ reports
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October 24, 2014
06:07 EDTGTATApple responds to GT Advanced's sapphire business exit, Re/code reports
Following GT Advanced's (GTAT) announcement to shut down factories in Mesa, Arizona and Salem, Massachusetts, an Apple (AAPL) spokeswoman said the company will continue evaluating GTAT's progress on larger sapphire boule development, reports Re/code. She said, "Apple put a lot of effort into an ambitious new sapphire manufacturing process with GTAT which is not ready for production. We’re going to continue evaluating GTAT’s progress on larger sapphire boule development, as well as consider other options for the facility. We remain committed to the city and we’re going to work with Mesa and Maricopa County to help the GT Advanced employees who will be impacted by this find new jobs.” Reference Link
October 23, 2014
09:19 EDTGTATGT Advanced to wind down operations at Mesa facility
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October 21, 2014
19:34 EDTGTATGT Advanced, Apple reach deal to 'wind down' sapphire plant, Philip DeWitt says
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10:29 EDTGTATGT Advanced expects settlement with Apple 'within hour,' Bloomberg reports
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