GT Files for Chap 11 After Apple's Sapphire Interest Wanes


GT Advanced Technologies and seven of its direct and indirect subsidiaries on Monday announced they had filed for Chapter 11 bankruptcy. GT, which makes sapphire components used in the iPhone, iPad and iPod touch, expects the U.S. Bankruptcy Court for the District of New Hampshire to authorize the company to continue to conduct business as usual while it attempts to resolve its current financial issues and develop a reorganization plan. “GT has a strong and fundamentally sound underlying business,” said GT President and CEO Tom Gutierrez.

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Apple sapphire partner GT Advanced Technologies files for bankruptcy

GT Advanced Technologies Inc., a sapphire manufacturer who won a massive $578 million prepayment from Apple, announced on Monday that it has filed for chapter 11 bankruptcy court protection.



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Apple sapphire supplier GT Advanced nears completion of Arizona plant, volume production imminent

GT Advanced Technologies on Monday said its Arizona sapphire manufacturing facility in Arizona, built in partnership with Apple, is nearly complete and will transition from initial manufacturing to volume production in the near future.



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Sapphire production for Apple reportedly underway with 100-furnace trial at Arizona facility

GT Advanced Technologies, the sapphire manufacturer with which Apple has a multi-million-dollar deal, reportedly began shipping small quantities of sapphire to one of Apple’s manufacturing partners in China last month, gearing up for mass production later this year.



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