Because the latest generation of large-screen iPhone released by Apple last month did not use a sapphire glass screen, GTAT's business suffered a heavy blow. Pavel Molchanov, an analyst at the American investment bank Raymond James, said in an email: "It seems that the relationship between GTAT and Apple has fundamentally broken down."
Many subsidiaries of GTAT have also filed for bankruptcy. It said that as of September 29, the company had only US$85 million in cash flow, and GTAT's corporate assets and liabilities exceeded US$1 billion.
GTAT has filed for bankruptcy with the District Bankruptcy Court of New Hampshire, United States. It said it was conducting debtor-in-possession financing (Debtor-in-Possession Financing) to obtain more funds.
GTAT said it expected the court to approve the company's continued operations after completing the restructuring.
GTAT’s plan to jointly establish a sapphire glass screen production plant with Apple was first announced on November 4 last year. From then until the release of the new iPhone on September 9 this year, GT Advanced's stock more than doubled in nine months.
PREVIOUS：Yijing Optoelectronics Company plans to invest in a sapphire crystal ingot project
NEXT：The application of sapphire is lower than expected. The market scale will start next year.
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