Advertisement
Singapore markets closed

  • Straits Times Index

    3,280.10
    -7.65 (-0.23%)
     

  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     

  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     

  • FTSE 100

    8,116.10
    +37.24 (+0.46%)
     

  • Bitcoin USD

    64,313.71
    +325.01 (+0.51%)
     

  • CMC Crypto 200

    1,389.19
    -7.34 (-0.53%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • Dow

    38,085.80
    -375.12 (-0.98%)
     

  • Nasdaq

    15,611.76
    -100.99 (-0.64%)
     

  • Gold

    2,354.90
    +12.40 (+0.53%)
     

  • Crude Oil

    84.23
    +0.66 (+0.79%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     

  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     

  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

Apple says to keep evaluating distressed sapphire company GT Advanced

Reuters

By Christina Farr

SAN FRANCISCO (Reuters) - Apple Inc (AAPL.O) said on Thursday it would keep evaluating its former supplier GT Advanced Technologies' (GTATQ.PK) progress on developing sapphire production and also consider other options for its plant in Mesa, Arizona.

"Apple put a lot of effort into an ambitious new sapphire manufacturing process with GTAT which is not ready for production," Apple spokeswoman Kristin Huguet said. "We’re going to continue evaluating GTAT's progress on larger sapphire boule development, as well as consider other options for the facility."

(Reporting by Noel Randewich, Editing by Franklin Paul)