GT and Apple sign multi-year supply agreement for sapphire materials

GT Advanced Technologies announced on November 4 that it has signed a multi-year supply agreement with Apple for sapphire materials.

Currently, sapphire materials have become an important component of the iPhone. Sapphire material is required in all iPhone camera modules, and the iPhone 5s fingerprint recognition device also uses this material.

Under the agreement, GT Advanced Technologies will purchase and operate sapphire material production equipment that will be installed at Apple's new facility. In return, Apple will pay approximately $576 million to GT Advanced Technologies, which will reimburse Apple for five years from 2015.

Apple spokesperson Kristin Huguet said: "With the new facility in Arizona, we are excited to expand our domestic production activities. This will create more than 2,000 engineering, manufacturing and construction jobs. This new The factory will produce components for Apple products, and 100% will use renewable energy from day one."

When the plant is put into operation, it will employ about 700 people and can produce sapphire materials in large quantities. As part of the agreement, GT Advanced Technologies will track the development of next-generation, high-volume equipment to provide Apple with "low-cost, high-volume sapphire material manufacturing services." This shows that Apple plans to use sapphire materials in the next generation of touch screen devices.

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