03-19-2016, 02:32 PM
http://www.cultofmac.com/418410/apples-e...-for-work/
GT Advanced Technologies — a.k.a. the disastrous sapphire supplier which was hired by Apple to build iPhone displays, before collapsing into bankruptcy — has announced that it has reemerged from Chapter 11 as a newly-reorganized company with a “solid balance sheet,” and “renewed strategy focused on growth in the solar and sapphire industries.”
The collapse of GT was one of the big stories of 2014, with reports of everything from massive mismanagement and technical failure to the company’s CEO allegedly making $10 million offloading his shares ahead of the iPhone 6 event, which revealed the device wouldn’t use sapphire displays (and therefore GT).
GT Advanced Technologies — a.k.a. the disastrous sapphire supplier which was hired by Apple to build iPhone displays, before collapsing into bankruptcy — has announced that it has reemerged from Chapter 11 as a newly-reorganized company with a “solid balance sheet,” and “renewed strategy focused on growth in the solar and sapphire industries.”
The collapse of GT was one of the big stories of 2014, with reports of everything from massive mismanagement and technical failure to the company’s CEO allegedly making $10 million offloading his shares ahead of the iPhone 6 event, which revealed the device wouldn’t use sapphire displays (and therefore GT).
