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Sapphire glass company bankruptcy

sapphire glass company bankruptcy

Oct 06,  · GT Advanced Technologies Inc, Apple Inc’s partner in a sapphire glass plant in Arizona, said it had filed for voluntary bankruptcy protection. Oct 06,  · Plans for an Apple Inc. supplier to employ people in Mesa are in jeopardy after the company behind the sapphire glass factory filed for bankruptcy Monday listing more than $1 . Jun 13,  · Apple remained committed to GT’s sapphire glass until the day the company filed a strategic bankruptcy, he said. Apple was both surprised and disappointed. “It was tragic that the project failed, and it was unfortunate that all stockholders in GT (including the GT Defendants) incurred losses on their GT stock,” he said.

The GT factory faced delays, but company officials said in September they expected it to be running by early But in a surprise move Monday, the company filed for Chapter 11 reorganization. It is unclear if its deal with Apple remains intact, and it is possible that GT is being asked to repay money Apple provided for the factory even though the facility is not making any money yet.

Last month, the company reported it was still working to get the factory running. Show Caption. By Associated Press. Report an error Policies and Standards Contact Us.

More in Technology. A new podcast, The Comeup Collective, offers an inside look at the Stanford experience from the perspective of four Black, first-generation college students. A seventh former eBay Inc. More than a dozen computer systems analyst jobs were central to the U. Department of Labor's findings, which the company denies. Despite the iPhone screen foibles, Apple has used sapphire on Apple Watch screens, camera covers and fingerprint sensors.

And given the rapid advances in material sciences, we might one day see the material reappear in future smartphones. Buyer's Guide. Log in. Sign up. Latest in Gear. Image credit:. Sponsored Links. All products recommended by Engadget are selected by our editorial team, independent of our parent company.

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