GT Advanced Technologies Inc (NASDAQ:GTAT) together with its subsidiaries announced on Monday, October 6th that they commenced voluntary cases under chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Hampshire. Apple Inc. (NASDAQ:AAPL)’s sapphire crystal supplier announced the surprise news today and anticipates the court will authorize the company to continue to conduct business as usual. GT Advanced Technologies seeking debtor-in-possession financing GT Advanced Technologies is a producer of advanced materials and crystal growth equipment for electronic products all over the world. In November, the company announced its signing a deal with Apple…
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