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Title: News: GT Advanced announces settlement with Apple Post by: HCK on October 24, 2014, 03:00:39 am News: GT Advanced announces settlement with Apple
As was reported Wednesday, GT Advanced Technologies has now officially announced that it has reached a settlement agreement with Apple. The announcement reveals GT will retain ownership of its production, ancillary, and inventory assets in Mesa, Arizona. GT will also be given four years interest-free to repay Apple $439 million – money that the company will earn by selling its sapphire furnaces. Although GT is leaving the sapphire production business,… Source: News: GT Advanced announces settlement with Apple (http://www.ilounge.com/index.php/news/comments/gt-advanced-announces-settlement-with-apple) |