GT Advanced Technologies, which has a supply relationship with Apple after an agreement struck late last year, has filed for Chapter 11 bankruptcy protection. The company will continue to operate as normal despite the filing, which is designed to protect its assets and operating budget from debt while it restructures and re-finances its obligations. Apple’s relationship with GT Advanced Technologies includes a contract that covers $578 million worth of synthetic sapphire production, which it now seems apparent is being used at least for the construction of the Apple Watch, which boasts sapphire on its higher-end models, though it uses strengthened glass (like the iPhone 6) on the entry-level Sports editions.
https://www.passle.net/Content/Images/passle_logo-186px.png Passle https://passle.net
More posts by Allisa Mackenzie
As a free user, you can follow Passle and like posts.
To repost this post to your own Passle blog, you will need to upgrade your account.
For plans and pricing, please contact our sales team at email@example.com