GT Advanced Technologies To End Sapphire Business And Settle Debt With Apple

Published October 23, 2014

GT Advanced Technologies, the company Apple had entered into a deal with worth $578 million last year for the advance purchase of sapphire components, has reached an agreement with the iPhone maker to settle its outstanding debt. As part of the deal, GT Advanced Technologies will exit the sapphire business altogether, and shut down its Mesa, Arizona and Salem, Massachusetts factories, according… Read More