The U.S. Securities and Exchange Commission on Friday charged GT Advanced Technologies and former CEO Thomas Gutierrez with fraud, accusing them of deceiving investors about its ability to supply sapphire for iPhones.
Years after a disastrous first foray into sapphire production, Apple's troubles with the super hard glass, or more precisely its manufacturers, continue, as the company on Monday was saddled with a lawsuit from material producer Hebei Hengbo Fine Ceramic Material claiming breach of contract.
Not since the discontinuation of the iPhone 4s has Apple sold a handset with an all-glass back, but that's rumored to change this year with the flagship "iPhone 8." In the years between those two models, advances in glass production technology have made it so an all-glass "iPhone 8" could be more robust than you might assume.
Reviewers and YouTube examiners are discovering that the new Samsung Galaxy Note 7 Gorilla Glass 5 screen is susceptible to screen scratches. However, the Gorilla Glass manufacturer Corning disagrees with the test results, and has fired back.
GT Advanced Technologies — at one time tapped to supply sapphire for Apple products — on Friday announced that it had finally emerged from bankruptcy, thanks to an $80 million investment from an unnamed collection of financiers.
Financiers have positioned floundering ex-Apple partner GT Advanced Technologies to emerge from bankruptcy with $80 million in funding, a plan that could allow the beleaguered former sapphire supplier to reposition itself as an industrial equipment manufacturer.
After a high-profile supply chain failure last year, Apple and would-be sapphire supplier GT Advanced Technologies have reached an agreement that will settle the bankrupt company's $439 million in outstanding debt.
In order to reduce expenses when it emerges out of Chapter 11 status, former Apple sapphire supplier GT Advanced Technologies is looking to cut 40 percent of its remaining workforce, according to bankruptcy court documents filed on Monday.
Apple on Friday formally objected to a financing plan by its bankrupt former sapphire supplier, GT Advanced Technologies, on the basis of provisions tied to a May fire at its one-time plant in Mesa, Arizona.
Although the sapphire used in most Apple Watch displays is more durable than the Ion-X glass in the Apple Watch Sport, it comes with penalties to image quality — especially in ambient light, according to lab tests published on Monday.
The best screen image quality can actually be found on Apple's entry-level Apple Watch Sport, as the costlier stainless steel and Edition versions feature sapphire covers that degrade image quality with higher reflectance, a display expert claims.
Glassmaker Corning on Friday unveiled "Project Phire," a glass composite that the company says is just as strong and drop-resistant as its latest Gorilla Glass but nearly as scratch-resistant as sapphire.
Mobile device manufacturers may finally have a reason to evaluate sapphire on an equal footing with traditional strengthened glass, as a new method of dealing with sapphire is said to have lowered its reflectivity significantly.
After filing for Chapter 11 bankruptcy protection in October, former Apple sapphire supply partner GT Advanced is now seeking approval to mete out millions of dollars in executive bonuses as part of an employee retention program.
A lawyer representing sapphire maker GT Advanced Technologies on Monday said the company has agreed to a new set of terms in its settlement with Apple, with the redrafted arrangement assuaging concerns from jilted creditors seeking to derail proceedings by threatening legal action against Apple.
Several Taiwanese sapphire manufacturers have seen their stock price increase sharply in recent days as Chinese media continues to push reports of the material making its way to a next-generation Apple handset.
Secret documents being shared by Apple with creditors of former sapphire partner GT Advanced Technologies could become a matter of public record next month, as part of the ongoing bankruptcy proceedings.
In the wake of the collapse of sapphire maker GT Advanced Technologies, longtime members of Apple's supply chain have characterized the iPhone maker as a tough but fair partner who offers component makers a chance at success, provided they take proper precautions.