GT Advanced Technology’s exit bankruptcy details were filed in court this week, according to an Apple Insider report based on summary made by The Wall Street Journal earlier this week.

The LED market has shown mixed results in different global regions recently. Stagnant LED shipment growth, and plunging sapphire substrate prices have brought related manufacturers operations under the market lime light.

Following the launch of the sapphire covered Apple Watch, Tawanese sapphire makers share value have soared over the last week. As the LED industry enters a peak season, sapphire industry shares value have reached new record high, reported Apple Daily.

At the long-awaited “Spring Forward” media event hosted by Apple on March 9, all eyes will be on the reveal of the Apple Watch, which will have a watch cover made of sapphire glass. By incorporating this material into its newest products, Apple has provided an unprecedented, game-changing opportunity for China’s sapphire industry. LEDinside, a division of TrendForce, anticipates sapphire market demand will multiply once these smart watches hit the market. LEDinside’s Senior Analyst Figo Wang further stated the sapphire manufacturing will likely become a globally competitive section of China’s materials industry. 

Rubicon Technology, a leading provider of sapphire substrates and products to the LED, semiconductor, consumer electronics and optical industries, today announced that it has successfully produced the first-ever synthetic sapphire crystal of its size and thickness, meeting a key milestone in its Large-Area Net-Shape Crystal Extraction (LANCE) project. At 36 x 18 x 2 inches of sapphire, this product will serve the demanding needs of defense applications, along with future commercial and industrial applications.

Chinese sapphire manufacturer Roshow Technology reported plummeting net profits in 2014, according to a company announcement on Jan. 29, 2015.

After parting ways with former sapphire supplier GT Advanced Technology (GTAT), Apple will turn to third party sapphire suppliers to supply sapphire watch covers for the upcoming smartwatch, analyzed Seeking Alpha.

The seal on confidential documents signed between Apple and sapphire supplier GT Advanced Technology (GTAT) is expected to be gradually lifted in its bankruptcy case, according to a Bloomberg report.

The CEO of Apple sapphire supplier GT Advanced Technology, which recently filed for bankruptcy protection, might have known financial doom was looming, according to a latest report from Wall Street Journal.

GT Advanced Technologies (GTAT), announced that it had, together with certain of its direct and indirect subsidiaries (collectively, GT), commenced voluntary cases under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Hampshire. GT expects the court will authorize the company to continue to conduct business as usual while it devotes renewed efforts to resolve its current issues and develops a reorganization plan.

Chinese PV manufacturer EGing Photovoltaic Technology (EGing PV) recently announced subsidiary Changzhou EGing PV’s sapphire ingot growth technology has matured.

Taiwanese sapphire manufacturers Rigidtech Microelectronics (Rigidtech) and Aceplux Optotech have seen revenue more than double during May and June 2014, according to a CNYes.com report. The two companies benefited from soaring LED lighting demands that have led to rising Patterned Sapphire Substrate (PSS) revenue.