GT Advanced Technologies Up On Reports Samsung, LG Looking At Sapphire GlassDaniel McCarthy (Author) Published Date : May 30, 2014 01:42 ET
Shares of GT Advanced Technologies (GTAT) advanced nearly 8% Friday amid reports Samsung and LG are examining sapphire glass as potential screen display material for their electronic devices. G for Games cited reports from Korean media that Samsung and LG have requested samples of sapphire glass from manufacturers.G for Games reported that numerous electronics manufacturers are experimenting with the feasibility of sapphire glass, which could force the two Korean tech giants to jump on the sapphire glass display bandwagon sooner rather than later. iClarified reported last month that GT Advanced has already begun shipping sapphire to Apple (AAPL) partners in China, and suggested that Apple and GT Advanced may be looking to expand operations at the companies' yet to be completed Mesa, Ariz. facility. In mid-day trade, GTAT was up 7.62% to $15.88. It moves in the upper end of its 52-week range of $3.44 to $19.44.
GT Advanced Technologies Up On Reports Samsung, LG Looking At Sapphire Glass