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Manufacturer of sapphire glass GT Advanced accused Apple Bankruptcy
GT Advanced, manufacturer of sapphire glass for the iPhone and iPad, announced the closure of its plants located in the states of Arizona and Massachusetts. Cause financial setbacks the company calls onerous conditions that established Apple. This was reported by The Wall Street Journal.
Earlier this week, GT Advanced declared bankruptcy . In a statement, the manufacturer has unveiled the conditions of the contract with Apple «onerous and burdensome.” As reported by manual GT, the termination of the plants, which will also lead to the dismissal of 890 people, is the only way to stop financial losses.
The company also said it plans to challenge a number of terms of the agreement with Apple and do not exclude the possibility that in the future may file a lawsuit against Apple.
IPhone maker for its part, said that he is interested in the preservation of jobs in the state of Arizona and to undertake necessary consultations on the matter with the authorities of the state.
Publication DigiTimes, citing information received from the Taiwanese manufacturers, argues that the reason for the bankruptcy GT Advanced could be unsatisfactorily low level of production yield. Presumably, the technical process of crystal growth, which is used GT, based on the technology of HEM (Heat Exchanger Method), provided the level of the yield of about 40%.
Percentage of production yield fell further step of cutting the crystals on the plate to protect the screen. Insufficient amount of the issue and the high cost of sapphire wafers forced Apple to abandon the idea of using them to protect your iPhone 6 and iPhone 6 Plus. After that, the supplier into financial problems.
Recall, October 6, GT Advanced Technologies has filed for bankruptcy. It is reported that in late September had surplus funds in the amount of $ 85 million. While the total debt obligations of $ 1.3 billion.
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