The Arizona House and Senate gave final approval Tuesday to a pair of tax cuts for manufacturers, including the passage of bill SB 1484, which specifically targets Apple Inc.’s planned Mesa sapphire glass manufacturing plant. It would provide a $5 million tax credit if a company installs at least $300 million in renewable power capacity to supply its plant. In addition GT Advanced may qualify for a tax credit of $14m if 700 jobs are added. GT will receive 20,000 tax credit per job and or job train cash.
Arizona House and a Senate Approves Mesa Sapphire Plant Tax Cut
Posted: April 9, 2014 by mattmargolis24 in Mesa Sapphire PlantTags: Apple, GT Advanced, Sapphire Plant Tax Credit, Tax credit
Comments
The Obscure Analyst 
Matt, Aapl actually has ownership of the building, correct?
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Yes Apple owns building and GTAT has a lease.
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So aapl will pay gtat to provide the solar system for the building. Gtat will most likely give aapl a deal on the price but revenue is revenue. Gtat will also receive tax incentive for their employees which is a win win for gtat.
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Now maybe senator mcain will get tax review on foreing co earnings !!!
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Hi Matt, First i like to thank you for all u hard work and in deph analysis, great work, and 2nd i want to ask u what u think about what KGI analyst Ming Chi Kuo said, that only the high end 64 gig 5.5 inch iPhone 6 would have sapphire display due to supply constrains, he is the one analyst that most of the time is right in his predictions. Thank you
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I just read this. The math doesn’t work out how GTAT will hit $640m+ revenue off of 9m 5.5″ phones that Kuo predicts will ship in 2014. However if you take the 60m 4.7″ and 9m 5.5″ and a bunch of watches the story adds up to GT’s guidance.
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Kuo also thinks the iWatch will sell for over $1000. That will certainly guarantee unit sales will be extremely low.
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Well he said multiple price points depending on wich one is bought, $1000 and upwards for the highest end IWatch
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$299 to maybe $599. I can’t see it much more than that.
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