SEC hits failed Apple sapphire glass manufacturer with fraud charges

ronjor · May 3, 2019

Brian Heater@bheater 03 May 2019

Way back in 2013, Apple spent a whopping $578 million on sapphire glass. The sum, spread out over four installments, was an advance to GT Advanced Technologies. Already in use on the company’s home buttons and camera, the plan was to implement the extremely hard material on a larger scale, replacing Gorilla Glass in the process.
The following year, however, GT exited the business. The company shut down its plants, sold off its furnaces and announced plans to settle its debt. Today, the U.S. Securities and Exchange Commission has hit the New Hampshire-based manufacturer and its former CEO with fraud charges.
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SEC hits failed Apple sapphire glass manufacturer with fraud charges

ronjor Global Moderator

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SEC hits failed Apple sapphire glass manufacturer with fraud charges

ronjor Global Moderator

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