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Tag: Luc Despins

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…

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…

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?

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…

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