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GT Advanced Technologies: A Solar/LED Equipment Supplier Market Leader With Almost 80% Upside


GT Advanced Technologies (GTAT) is a key equipment supplier to many of the world's leading solar, polysilicon and LED companies. Over the years, GTAT has grown to have a very large presence in Asia as most of the companies it serves are based there.

Business economics

1. High switching costs

Equipment supplied to customers is often very deeply embedded into their manufacturing lines. Switching of suppliers at a replacement cycle might bring in equipment which is incompatible with other parts of the manufacturing line. Such incidents will bring about downtime or lower the productivity of the factory of which is very detrimental to the customer's business. This, therefore, discourages customers to switch suppliers at whim.

Secondly, changing of equipment...

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