|
Title: News: GT Advanced agrees to pay off $439M debt to Apple Post by: HCK on November 05, 2015, 03:00:25 am News: GT Advanced agrees to pay off $439M debt to Apple
Apple’s erstwhile sapphire supplier, GT Advanced Technologies, has come to an agreement to pay off its $439 million debt, The Wall Street Journal reports. GT Advanced contracted with Apple in late 2013 to open a plant in Arizona to produce sapphire for Apple’s display screens and Touch ID sensors with financial backing from Apple to help fund the plant’s startup costs. However, GT Advanced ultimately struggled to get sapphire production… Source: News: GT Advanced agrees to pay off $439M debt to Apple (http://www.ilounge.com/index.php/news/comments/gt-advanced-agrees-to-pay-off-439m-debt-to-apple) |