GT Advanced said on Friday: "Only by closing these operations can we stop the increasing losses and refocus resources on the core business of selling sapphire furnaces and other products."
GT Advanced said that these planned operations are burning $1 million a day. "GT believes that the company will have numerous legal claims against Apple as a result of its business relationship with Apple," GT Advanced said in a document filed in bankruptcy court in Manchester, New Hampshire.
GT Advanced said it will not pursue unspecified claims at the beginning of bankruptcy reorganization, but these claims could allow GT Advanced to terminate several agreements with Apple. GT Advanced considers these agreements to be burdensome and of no value.
Apple has previously responded that it remains committed to retaining jobs in Arizona and is consulting with state and local officials on next steps.
PREVIOUS：Qingsong Optoelectronics LED headquarters project has been put into operation
NEXT：Sharp develops technology to recycle used LCD TVs
RELATED NEWS
- Guan Baiyu: Joint innovation to promote coordinated development of the LED indus 2026-05-22
- Leading the new direction of screen display technology, Konka Group’s industrial 2026-05-22
- Samsung launches QN85C series mini LED TVs, priced from 11,999 yuan to 31,999 yu 2026-05-22
- Shanghai Feile Audio’s special announcement explains the acquisition doubts 2026-05-22
- There is no doubt that the LED industry has taken off and the next 10 years will 2026-05-22
CATEGORIES
PRODUCTS CATEGORIES
LATEST NEWS
CONTACT US
Contact: mack
Phone: +8613352972563
E-mail: mack@archled.net
Add: Building A2, Mingjinhai Second Industrial Zone, Shiyan Street, Baoan, Shenzhen,Guangdong,China
ANNA