To our valued global customers and supply chain providers…

As we navigate through these challenging times, I wanted to reaffirm that GTAT is operating to meet its commercial obligations to you. Our production lines are running and we are following all health and government mandates and protocols. These include appropriate social distancing for necessary employees at our facilities, and enhanced cleaning and sanitizing measures. All GTAT employees able to work remotely are doing so, and they have access to everything needed to maintain normal operations throughout this global health emergency.

We wish all of our customers and providers the very best. We will get through this together.

Greg Knight, President and Chief Executive Officer
GTAT Corporation

New Hampshire company targets $100 million equity raise for silicon carbide factory

Four years after a high-risk, high-reward venture with Apple Inc. blew up, GT Advanced Technologies Inc. is quietly mounting a comeback.

Since emerging from bankruptcy in 2016, GTAT has gradually pivoted from the industrial equipment business to materials production, while burying the memory of a messy public divorce from Apple. GTAT abruptly collapsed into chapter 11 when a deal to mass-produce superhard sapphire for iPhone screens fell apart, wiping out hundreds of millions of dollars in market value.

After converting creditors into stockholders, GTAT reoriented itself around the production of silicon carbide, a superhard material expected to grow into a $5.2 billion industry by 2030, according to Goldman Sachs Group Inc.

Read the article on WSJ Private Equity

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