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Sapphire Manufacturer for Apple products requires deferral to
GT Advanced Tech that produces sapphire crystal, filed for suspension of payments. The company would include the sapphire crystal to provide for the next Apple Watch. Whether the moratorium affects Apple Watch is unclear.
The company has announced that it has applied in accordance with Chapter 11 of the United States bankruptcy laws. Protection in court This GT Advanced Tech will have time to deal with his creditors, and to see if a restart is possible. Negotiating If this fails, the company can go bankrupt.
Which GT Advanced Tech in trouble is hit, it is not entirely clear. The director claims that the underlying business is solid. Also says the company that produce synthetic sapphire provisionally continue and that USD 85 million or EUR 68 million, was the end of September still in hand.
GT Advanced Tech, according to rumors sapphire supply for the larger displays of the iPhone 6, but due to production problems this would not be successful. However, the strong sapphire crystal would be the next Apple Watch can be used. The Apple Watch needs early next year on the market. Whether the problems at GT Advanced Tech will have on the production of Apple’s smart watch impact is not yet clear.Viewing:-76
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