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Macintosh News => iPhone/iPod/iPad News => Topic started by: HCK on October 06, 2014, 03:00:35 pm



Title: News: Apple sapphire supplier GT Advanced Technologies files for bankruptcy
Post by: HCK on October 06, 2014, 03:00:35 pm
News: Apple sapphire supplier GT Advanced Technologies files for bankruptcy

Apple’s sapphire supplier GT Advanced Technologies has announced that its has filed for chapter 11 bankruptcy. The company expects the United States Bankruptcy Court for the District of New Hampshire to authorize GT to continue “business as usual” while focusing on reorganization. GT Advanced had approximately $85M in cash as of Sept. 29; the company is now hoping to obtain debtor-in-possession financing for a boost in funds. “GT…

Source: News: Apple sapphire supplier GT Advanced Technologies files for bankruptcy (http://www.ilounge.com/index.php/news/comments/apple-sapphire-supplier-gt-advanced-technologies-files-for-bankruptcy)