Your handset that is.
"Mobile handsets to pass PCs as largest systems market and IC consumer, says IC Insights
Jessie Shen, DIGITIMES, Taipei [Wednesday 4 December 2013]
Mobile handsets are set to overtake standard PCs, including desktops and notebooks, as both the largest electronic systems market and the largest end-use application for ICs in 2013 for the first time ever, IC Insights said in its new report."
As handsets gain in both popularity and importance, protecting them with sapphire will become key. Apple will be at the forefront of the revolution backed by you know who.
Apple is up on the news:
Apple analyst Gene Munster has a new note on what this means for Apple estimates. He says most analysts do not have a China Mobile deal factored into their estimates.
As a result, you can expect estimates to get bumped up, starting today.
Munster says China Mobile has 759 million subscribers, of which 176 million are "higher value 3G subscribers". For context, Verizon and AT&T combined have 230 million subscribers.
Munster estimates China Mobile adds 17 million iPhone units to Apple's fiscal year 2014. (The December quarter is the first quarter of Apple's fiscal 2014.) An additional 17 million iPhone units is roughly equal to an additional 5% in revenue.
Munster's says Apple has 6% of the smartphone market in China, and he's estimating that it gets 2% of China Mobile's subscriber base, or 10% of the 3G base.
This could be conservative considering how popular the iPhone is elsewhere, but he thinks it's fair because the iPhone is significantly more expensive than the average phone sold at China Mobile.
Growing market demand cause sapphire substrate manufacturers to expand production capacity
OFweek | Posted: 29 Nov 2013, 08:43Share:
Spurred by LED lighting and mobile device market demands, sapphire substrate manufacturers have been actively expanding their production capacity. The top five sapphire ingot manufacturers for instance, have seen 2-inch equiv. sapphire substrate monthly production capacity grow by 75% to 7800Kmm compared to 2012.
LED industry development has been driven by LED lighting market’s high demands, especially for LED bulbs, LED tubes and MR16. To meet the above demands, major LED chip manufacturers still have expansion plans for 2013-2014, including Korean manufacturer Seoul Viosys, Taiwanese manufacturer Epistar, and Chinese manufacturers San’an Opto and HC Semitek. Major chip manufacturers are also continually raising 4-inch wafer production capacity, which has led to 40% production share in 2013, and is expected to reach 43% in 2014.
Handheld device applications have the strongest demands among non-LED application market demands. Since Apple introduced sapphire substrate material into the iPhone5 and iPhone 5S camera lens, and into the 5S home buttons with the entry of fingerprint identification feature. LG is also following this latest technology trend and introduced sapphire camera lens in its newest smartphone LG G2. This will hopefully drive other smartphone manufacturers to use this material. The non-LED market application market share may reach 36% in 2014, with handheld device application demands even reaching 31%.
Sapphire ingot supplier Acme to return to profitability in 4Q13
Eileen Chen, Taipei; Steve Shen, DIGITIMES [Tuesday 3 December 2013]
Buoyed by rising sales generated by its sapphire ingot-making subsidiary USI Optronics, ferrite core maker Acme Electronics is expected to return to profitability in the fourth quarter of 2013, according to market watchers.
Acme posted a net loss of NT$233 million (US$7.86 million) or NT$0.25 per share on revenues of NT$1.87 billion in first nine months of 2013.
The growing popularity of fingerprint encryption functionality in smartphones and other end-market devices will bring a substantial boost to demand for sapphire ingots and substrates, benefiting related suppliers including USI Optronics, Crystal Applied Technology and Tera Xtal Technology, the sources noted.
No proton beam therapy equipment in Cincinnati that I could find. There was a plan to build a facility for the larger older machine but that was scrapped.
New proton therapy project for Cincinnati; Dayton plans stalled
2013-06-28 | Dayton Daily News
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June 28--Cincinnati Children's Hospital Medical Center has plans to build a proton beam therapy center for radiation treatments for cancer, throwing into question the status of plans to build two multi-million dollar Dayton-area proton centers.
It now looks like Ohio's first proton beam center will open in Cleveland. University Hospitals breaks ground this summer, said spokeswoman Alicia Reale Cooney.
A new $30 million building will be constructed on the campus of University Hospitals Case Medical Center, affiliated with Case Western Reserve University. Construction should finish by the second quarter of 2015, Cooney said.
University Hospitals is buying equipment from Mevion Medical Systems, which developed new proton technology equipment that is more compact and less expensive.
"While conventional proton beam systems require massive equipment and cost up to $120 million to implement, scientific breakthroughs by (Mevion), located in Littleton, Mass, and the Massachusetts Institute of Technology, have led to the development of this first-of-its-kind more compact and less costly model that provides the latest proton therapy delivery system in a single vault (one-room) installation," reads University Hospitals' 2011 release on the project.
Rough estimates are for the Cleveland center to treat 300 patients a year by the third year of operations, Cooney said.
The Mevion Website showing S250 locations indicates there is a center in Cleveland but not Cincinnati.
GT Solar Acquires Sapphire Producer Crystal Systems
In a relatively short amount of time, GTAT has invented and developed new applications for sapphire and bagged Apple and $578M for their new sapphire business. Not bad since starting from nothing a few years ago.
The acquisitions this company has made have been brilliant.
Word to the wise, do not underestimate this company going forward. GLTA.
Now that GTAT has chosen to be a sapphire material supplier rather than just a sapphire furnace supplier, they have entered a new ball game. They will need to gear up as a material supplier which may involve an acquisition. The agreement with Apple precludes the use of the new ASF furnace for providing lower cost sapphire to an Apple competitor. If GTAT sells one of the new ASF furnaces to someone, and that someone uses it to produce sapphire for an Apple competitor, GTAT will be in breach of the contract with Apple. Rather than take a chance of that happening, the safest bet is for GTAT to use the new furnaces themselves to supply Apple and in addition to buy a vertically integrated company like Rubicon and upgrade the Rubicon furnaces to the new ASF models and then control who gets the output themselves be it Apple or a non Apple competitor in the LED industry. Buying a company like Rubicon would allow GTAT to gear up faster both to meet Apple needs as well as for other material customers who are not competing with Apple. GTAT has developed the best furnace and now they need to pump sapphire as quickly as possible first for Apple and then the rest. Building a materials supplier business from scratch would take longer compared to buying one such as Rubicon.
If they buy or build, I would not bet against GTAT and whatever they do it will be a smart move. They invented the reasonably priced sapphire screen market and they will take it to the top.
"And they wouldn't be able to acquire Rubicon at all as this would require a very substantial premium to the current market price (an estimated 50 to 100%) which would mean further substantial dilution for GTAT shareholders."
RBCN has $36M in cash and no debt. They are losing the Apple business to GTAT. GTAT needs more finishing capability that RBCN could bring to the business immediately. The BOD of RBCN may jump at the chance to join GTAT rather than competing against them. Not saying it will happen.
Apple may even be in favor of a move like that since it puts Apple competitors at a disadvantage in reducing the number of potential suppliers of sapphire to Apple competitors.
The market cap of RBCN at $226M puts it within the realm of possibilities. GTAT is making a big change in its business model by deciding to be a supplier of end product rather than furnaces. RBCN is very reputable and a fully integrated grower and supplier of end product. I believe they were supplying Apple prior to the agreement with GTAT. If GTAT were to buy RBCN, they could install their new ASF furnaces and use RBCN to supply the end markets outside of the Apple agreement. That division would still need a sales and marketing head for that division. The combination would make for a ready to go sapphire power house. The timing would be about right also.
GTAT has made great acquisitions in the recent past. There likely are several more out there and the timing is right for GTAT to add to the fold especially for the growing sapphire segment of their business. They likely need to expand their capability for processing boules after they grow them for all the applications that do not conflict with the Apple agreement.
That is not chump change folks. Anyone who believes the raise is a negative is nuts.
If Apple goes with sapphire guess what all the other phone vendors will want and even need to do? Chin says it is a $5B market opportunity. GTAT cannot be beat by any competitor. The sooner they gear up for it the better.
Morgan Stanley did not cover the stock as of about a week ago. Now that GTAT is a banking client, they may pick up coverage.
Buying opportunity. I hold a core position and will trade this dip if it holds into the open tomorrow. It is all good news no matter what the flippers do with the stock price. jmho
Morgan Stanley & Co. LLC and Goldman, Sachs & Co. will act as joint book-running managers and Canaccord Genuity Inc. will act as co-manager for the Offerings. GTAT is raising money to fuel their expansion to address accelerating opportunities.
Apple's payment was for Apple. The opportunities beyond Apple may be just as big if not even bigger.