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The sapphire supplier is GTAT, and they were actually a sapphire glass manufacturing equipment manufacturer that Apple contracted to manufacture sapphire displa
by danudey 10y ago
The sapphire supplier is GTAT, and they were actually a sapphire glass manufacturing equipment manufacturer that Apple contracted to manufacture sapphire displays (a completely new business for them), then un-contracted afterwards, dropping their market cap from $1.5bn to $175m and shuttering three plants (whose workers Apple pledged to find new jobs for).
http://www.businessinsider.com/gt-advanced-files-for-bankruptcy-oct-6-2014-10 http://www.businessinsider.com/gt-advanced-files-for-bankrup...