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Tag: GT Advanced

Apple’s would-be sapphire glass supplier GT Advanced charged with fraud

Monday, May 6, 2019 11:05 am4 Comments

The Securities and Exchange Commission on May 3, 2019 charged a New Hampshire-based company…

Apple sued by glass material producer over breach of contract in ongoing sapphire debacle

Tuesday, January 23, 2018 12:00 pmTuesday, January 23, 20182 Comments

Years after a disastrous first foray into sapphire production, Apple’s troubles…

With President Trump soon to take office, Apple looks to boost its ‘Made in America’ credentials

Tuesday, January 10, 2017 10:28 amTuesday, January 10, 201722 Comments

Apple has submitted a notice to the US Foreign Trade Zones Board…

Make America Insanely Great Again: Apple seeks to expand Made in USA manufacturing

Monday, January 9, 2017 11:35 pmTuesday, January 10, 201762 Comments

Amid pressure to build products at home, Apple is seeking to conduct…

Tim Bajarin: Corning’s Gorilla Glass 5 may mark the end for sapphire screens

Wednesday, July 27, 2016 10:49 amWednesday, July 27, 20167 Comments

While sapphire is a very hard material and very scratch proof, there is one major problem…


Apple’s failed sapphire partner GT Advanced Technologies emerges from bankruptcy

Friday, March 18, 2016 4:58 pmFriday, March 18, 201613 Comments

GT Advanced Technologies Inc. today announced that it has emerged from Chapter 11 as a newly reorganized company…

Apple and GT Advanced reach new accord on $439 million loan

Tuesday, November 3, 2015 9:23 pm5 Comments

GT Advanced Technologies Inc. has reached an accord with Apple that will get it out from under $439 million in debt…

GT Advanced cuts 40% of workforce

Monday, August 31, 2015 4:56 pmMonday, August 31, 20155 Comments

GT Advanced Technologies Inc., which is trying to emerge from bankruptcy…

Apple objects to bankrupt sapphire supplier’s financing plan

Friday, July 17, 2015 4:04 pmFriday, July 17, 20155 Comments

Apple is objecting to bankrupt GT Advanced Technologies’ financing plan…

GT Advanced to pursue $95 million bankruptcy loan

Wednesday, March 18, 2015 4:35 pmWednesday, March 18, 20154 Comments

GT Advanced Technologies Inc. is lining up $95 million worth of loans…

The death of sapphire and the birth of ‘Phire’

Friday, February 27, 2015 2:25 pm8 Comments

Last fall, after Apple introduced the new iPhone 6 and 6 Plus…

Apple doesn’t get a state payout (proof Arizona’s incentives work)

Wednesday, February 4, 2015 2:55 pmWednesday, February 4, 201511 Comments

The Apple data center coming to the former First Solar building near Phoenix-Mesa Gateway Airport…

Apple did not ask for incentives for new $2 billion data center in Mesa, Arizona

Monday, February 2, 2015 7:42 pm33 Comments

Governor Jan Brewer and the Arizona Commerce Authority promised Apple $10 million…

Apple to invest $2 billion to convert GT Advanced’s failed sapphire plant into data command center

Monday, February 2, 2015 4:29 pmMonday, February 2, 201512 Comments

Apple Inc. plans to invest $2 billion to convert an Arizona factory into a data center…

How an Apple rumor sparked a sapphire revolution

Wednesday, January 14, 2015 9:38 pm9 Comments

For years, Gorilla Glass was the toughest material a mobile device could use to protect…

GT Advanced wants bankruptcy judge to approve millions in executive bonuses

Wednesday, December 31, 2014 12:01 pmWednesday, December 31, 201432 Comments

GT Advanced Technologies Inc., the manufacturing company…

GT Advanced to sell its sapphire furnaces

Tuesday, December 23, 2014 4:00 pmTuesday, December 23, 20147 Comments

All previous exclusivity restrictions have been lifted and GT retains control…

GT Advanced gets court approval of revised Apple settlement

Tuesday, December 16, 2014 8:29 am2 Comments

U.S. Bankruptcy Judge Henry Boroff said at a hearing in Springfield, Massachusetts…

GT Advanced bond traders drawn to prospect of Apple lawsuits

Thursday, December 11, 2014 6:00 pmThursday, December 11, 20148 Comments

This is going to be a field day for the lawyers and accountants…

Apple shields information in GT Advanced creditor probe

Wednesday, November 26, 2014 10:57 amWednesday, November 26, 20145 Comments

Creditors of failed smartphone screen material supplier GT Advanced…

Apple, GT Advanced and the ‘boule graveyard’

Thursday, November 20, 2014 5:30 pmThursday, November 20, 201427 Comments

Mesa suffered from a 50% failure rate…

Lack of experience, mismanagement doomed GT Advanced’s sapphire adventure

Wednesday, November 19, 2014 8:27 pmWednesday, November 19, 201416 Comments

The Apple-GT marriage was troubled from the start….

GT Advanced Tech creditors chafe at settlement deal with Apple

Wednesday, November 19, 2014 3:58 pmWednesday, November 19, 201415 Comments

Creditors of GT Advanced Technologies complained in a bankruptcy court filing…

Apple will save jobs in Arizona by repurposing sapphire factory

Wednesday, November 19, 2014 1:27 pmWednesday, November 19, 20146 Comments

Apple has already found new sapphire suppliers in Asia…

Apple sticking with Arizona plan after sapphire supplier GT Advanced falters

Tuesday, November 18, 2014 10:02 pm11 Comments

Apple Inc. has told officials in Mesa, Arizona, that it’s committed…

Did Apple bully GT Advanced Technologies?

Tuesday, November 11, 2014 12:58 pmTuesday, November 11, 201425 Comments

What were the Apple execs thinking?

Apple’s secret weapon: Leverage

Monday, November 10, 2014 10:56 amMonday, November 10, 20147 Comments

Put on your big boy pants and accept the agreement…

GT Advanced COO claims Apple used ‘bait and switch’ tactic

Friday, November 7, 2014 4:28 pmTuesday, November 11, 201426 Comments

Apple Inc. used ‘bait-and-switch’ tactics in negotiating a contract…

Court unseals GT Advanced documents: Apple says it ‘bent over backwards’ to help sapphire supplier

Friday, November 7, 2014 3:28 pmFriday, November 7, 201414 Comments

New Hampshire court on Friday published hundreds of pages of documents…

Apple suppliers shunned as GT Advanced bankruptcy sparks selloff

Friday, November 7, 2014 1:29 pmFriday, November 7, 201416 Comments

Investor confidence in Apple Inc.’s suppliers and vendors is wavering…

U.S. SEC opens investigation into Apple supplier GT Advanced

Thursday, November 6, 2014 4:57 pmThursday, November 6, 20147 Comments

The SEC is seeking information about trading activity and the company’s sapphire glass…

GT Advanced says Apple settlement will survive unsealing

Wednesday, November 5, 2014 8:32 amWednesday, November 5, 20143 Comments

GT Advanced Technologies Inc. said a bankruptcy court settlement with Apple…

Judge orders GT Advanced bankruptcy papers unsealed

Thursday, October 30, 2014 3:01 pmThursday, October 30, 201417 Comments

GT Advanced Technologies Inc. lost a bid to keep an executive’s description…

Apple and GT Advanced: What went wrong

Wednesday, October 29, 2014 6:26 pmWednesday, October 29, 20149 Comments

A story that Apple tried for three weeks to suppress is now part of the public record…

Beleaguered GT Advanced describes ‘unsustainable’ Apple relationship

Wednesday, October 29, 2014 1:58 pmWednesday, October 29, 201413 Comments

A few weeks before the bankruptcy filing, he said, executives made a detailed presentation to Apple senior management…

Beleaguered GT Advanced says it can’t afford to fight mighty Apple, must settle

Tuesday, October 28, 2014 2:28 pmWednesday, October 29, 201415 Comments

GT Advanced Technologies Inc. said it needs to settle disputes with Apple Inc. because…

Apple ponders future sapphire options, leaves door open for GT Advanced

Thursday, October 23, 2014 5:32 pmThursday, October 23, 201425 Comments

The move follows the reappointment of Rob Glaser to the position of permanent CEO…

Apple promises to help former GT Advanced employees find new jobs

Thursday, October 23, 2014 4:57 pmThursday, October 23, 20148 Comments

So much for Apple’s multiyear sapphire manufacturing alliance with GT Advanced…

GT Advanced announces settlement with Apple; to exit sapphire production

Thursday, October 23, 2014 9:57 amThursday, October 23, 20149 Comments

GT Advanced Technologies Inc. and Apple have reached a settlement agreement…

Apple and GT Advanced settlement: Ending the madness

Wednesday, October 22, 2014 5:25 pmWednesday, October 22, 201410 Comments

The best clue to the failure is that only about half of the 2,000 furnaces were operational…

GT Advanced, Apple ink deal for ‘amicable’ split-up

Tuesday, October 21, 2014 9:31 pmTuesday, October 21, 201427 Comments

GT Advanced Technologies has signed a pact with Apple Inc…

Apple, GT Advanced near settlement over secrecy

Tuesday, October 21, 2014 2:28 pmTuesday, October 21, 20142 Comments

Apple and newly bankrupt GT Advanced Technologies are nearing an agreement…

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