GT Advanced Technologies Inc (NASDAQ:GTAT) wants to get back to its roots, selling Sapphire furnaces, and get out of the business of producing Sapphire products for Apple Inc. (NASDAQ:AAPL).
![GT Advanced Technologies](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20498%20322'%3E%3C/svg%3E)
GTAT cutting 890 jobs in Arizona
In the wake of Apple Inc. (NASDAQ:AAPL) announcing that it was perusing a relationship with a competing supplier, Gorilla Glass, to furnish protective screens for the iPhone 6, Reuters is reporting today that GT Advanced Technologies Inc (NASDAQ:GTAT) will cut 890 jobs in Arizona and walk away from its investment which is losing...
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