Apple/GT Advanced Technologies Settlement: Ending The Madness
- Apple and GTAT have announced an “amicable settlement” ending the GTAT supplier agreement.
- Details of the settlement indicate that GTAT built thousands of sapphire furnaces in anticipation of supplying screens for the iPhone.
- The construction of the furnaces was mandated by the supplier agreement.
- GTAT and Apple appear to have miscalculated the cost of building and operating such a huge facility.