We’ve witnessed a quick unraveling of GT Advanced Technologies (GTAT), Apple’s main sapphire supplier, since the company suddenly filed for bankruptcy earlier this week.
New court filings indicate that GTAT wants to take legal action against Apple for its “oppressive and burdensome” terms. The sapphire maker also plans to shut down its Arizona plant by December 31st, which leaves Apple’s sapphire production in limbo. The Arizona plant shuttering will also result in the loss of 890 jobs.