Did Apple possibly send sapphire supplier GT Advanced into bankruptcy?

Or, on the flip side, did GT file bankruptcy to try and force Apple to make the final payment?

Originally posted by bhetrick:

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Or, on the flip side, did GT file bankruptcy to try and force Apple to make the final payment?

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Good old Galtian psychopaths shooting themselves in the foot. Haha.

Here's the oil; apart from closing two factories less than a year old and laying off nearly 900 workers:

Quote:

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...GTAT has also asked that a New Hampshire bankruptcy court terminate its agreements with Apple, which it describes in a filing as "oppressive and burdensome." GTAT intends to come out of the bankruptcy by restructuring around its core businesses, including selling sapphire furnaces.

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I am pretty sure GTAT must have consulted their lawyers before filing bankruptcy. Note that they have not files under chapter 11 so they may have something major up their sleeves !

Nope.

Quote:

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Apple's sapphire glass supplier has filed for Chapter 11 bankruptcy with plans to shut down two production plants and lay off 890 workers...

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