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Topic: sapphire

GT Advanced to axe more than 700 jobs at Arizona sapphire plant

10/16/2014, 08:10 pm

Embattled sapphire maker GT Advanced Technologies on Thursday announced it will be eliminating more than 700 jobs at its plant in Mesa, Arizona, with the mass layoffs scheduled for completion by Dec. 15.

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Judge in GT Advanced bankruptcy case skeptical about need for secrecy

10/15/2014, 06:10 pm

At a hearing on Wednesday, U.S. Bankruptcy Court Judge Henry Boroff said he sees little in the way of sensitive trade secrets that would preclude the court from making the terms of Apple's deal with sapphire maker GT Advanced Technologies public.

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Apple asks court to seal objections against GT Advanced bankruptcy

10/14/2014, 07:10 pm

Apple on Tuesday entered a motion with the U.S. Bankruptcy Court for the District of New Hampshire requesting to seal objections made in regard to partner sapphire maker GT Advanced Technologies' Chapter 11 protection filing.

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Another GT Advanced executive sold $2M in stock after sapphire deal with Apple began to sour

10/14/2014, 03:10 pm

Scrutiny over beleaguered Apple supplier GT Advanced Technologies continues to grow, with a new report highlighting that another high ranking official at the company sold nearly $2 million in stock after signs of trouble at its sapphire plant began to arise.

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Apple's supplier contracts include $50M penalty for leaking future product info

10/13/2014, 08:10 am

Details from Apple's supplier non-disclosure agreements are beginning to leak thanks to the bankruptcy proceedings of GT Advanced Technologies, with the sapphire maker arguing that even more should be published so creditors and shareholders can see the full story behind its fall from grace.

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GT Advanced says 'oppressive and burdensome' sapphire contracts with Apple led to bankruptcy

10/10/2014, 01:10 pm

Apple partner GT Advanced Technologies announced on Friday that it plans to close its sapphire producing plants in Arizona and Massachusetts operations, and decried its unsustainable contracts with Apple as "oppressive and burdensome."

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Apple sapphire partner GT Advanced seeks to 'wind down' plant operations

10/09/2014, 08:10 pm

New details of Apple sapphire partner supplier GT Advanced revealed on Thursday, with one report saying the sapphire maker asked the court for permission to "wind down" operations at its manufacturing plant.

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Apple sapphire partner GT Advanced asks bankruptcy court to keep confidential documents secret

10/09/2014, 10:10 am

As it makes its way through the bankruptcy process, GT Advanced Technologies is hoping to keep as much of the proceedings out of the public eye as it can, asking the court for a private hearing, and also to keep confidential documents sealed.

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Apple tried to help GT Advanced qualify for final $139M payment, report says

10/08/2014, 05:10 pm

Prior to GT Advanced Technologies' bankruptcy filing earlier this week, Apple reportedly attempted to assist the firm in meeting certain technical milestones that would allow continued payment as part of a conditional $578 million deal.

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Apple calls GT Advanced bankruptcy 'surprising,' company committed to preserving jobs in Arizona

10/08/2014, 11:10 am

In a rare public statement regarding a partner, Apple on Wednesday admitted it was surprised by sapphire maker GT Advanced Technology's Chapter 11 bankruptcy filing, but said it hopes to keep jobs in Arizona.

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GT Advanced bankruptcy will not affect Apple Watch production, but brings iPhone into question

10/07/2014, 11:10 pm

According to one well-connected analyst, GT Advanced Technologies' filing for Chapter 11 bankruptcy protection raises doubts as to whether sapphire will be used as a protective cover for a next-generation iPhone, as the tech giant is unlikely to source the material from another supplier.

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After incorrect report on Apple's use of sapphire on iPhone 6, WSJ claims Apple changed plans last minute

10/07/2014, 07:10 pm

Less than two months ago, Daisuke Wakabayashi of the Wall Street Journal reported that Apple was "betting $700 million" on a plan to use sapphire screens on its upcoming iPhones. After being proven wrong, the writer now claims that Apple radically reversed its plans just weeks before the new devices went on sale.

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Apple reportedly withheld $139M payment to GT Advanced ahead of bankruptcy filing

10/07/2014, 06:10 pm

As new information about GT Advanced Technologies' dire financial straits slowly comes to light, a report on Tuesday claims Apple held back a $139 million loan installment from its partner sapphire supplier for unknown reasons, possibly leading to the firm's filing for Chapter 11 protection.

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GT Advanced CEO faces scrutiny for selling stock ahead of Apple's sapphire-less iPhone 6 announcement

10/07/2014, 01:10 pm

The day before Apple announced the iPhone 6 and iPhone 6 Plus with glass screen covers, the CEO of GT Advanced Technologies sold $160,000 worth of his now-struggling company's stock, shares of which subsequently tanked due to the lack of a sapphire cover on the latest iPhones.

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Apple sapphire partner GT Advanced Technologies files for bankruptcy

10/06/2014, 10:10 am

GT Advanced Technologies Inc., a sapphire manufacturer who won a massive $578 million prepayment from Apple, announced on Monday that it has filed for Chapter 11 bankruptcy court protection.

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Apple 'never' planned to use sapphire covers for iPhone 6 or iPhone 6 Plus - report

09/17/2014, 08:09 am

Despite much wishful thinking on the part of enthusiasts and even members of the tech press, full sapphire screen covers were never in the cards for Apple's iPhone 6 or iPhone 6 Plus, a new report reveals.

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Analyst who cried sapphire takes another swing, despite whiffing on iPhone 6 predictions

09/10/2014, 04:09 pm

A financial analyst focused almost exclusively on Apple's relationship with sapphire maker GT Advanced Technologies was supremely confident that the iPhone 6 would feature a sapphire screen cover. That prediction was dead wrong, but it hasn't stopped him from continuing to stand by his sources, and even strangely still hoping for a sapphire-covered iPhone 6.

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'iPhone 6' will lack sapphire cover but gain 128GB variant, analyst Ming-Chi Kuo says

09/04/2014, 09:09 am

Apple's "iPhone 6" will not feature a scratch-resistant sapphire screen cover, but both the 4.7- and 5.5-inch versions will come with new higher-capacity options of 128 gigabytes of storage, a barometric pressure sensor, and a programmable power button, according to one well-connected insider.

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Apple unlikely to sell sapphire iPhones this year, is setting the stage for future models - JP Morgan

08/18/2014, 09:08 am

Apple's investments in sapphire may one day result in iPhone cover displays made of the material, but sapphire is unlikely to appear in this year's models due to prohibitive costs associated with producing the material in large quantities, investment firm J.P. Morgan said on Monday.

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If Apple's 'iPhone 6' uses sapphire display, it will be limited to new, more expensive premium models, WSJ claims

08/14/2014, 03:08 pm

Less than a month before its expected debut, Apple is apparently "considering" the use of synthetic sapphire displays on its next-generation iPhone, but the costs and difficulties associated with the material would limit it solely to a new range of higher-end and more expensive models that the company might make available, a new rumor claims.

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