Apple’s deal with sapphire supplier GT Advanced Technologies went sour just one year into the company’s agreement to build a sapphire factory in Mesa, but after a tense few weeks, the companies have reached a settlement that allows them to part ways.
As part of its ‘amicable’ separation from Apple, GTAT will be expected to pay back $439 million over the next four years without interest, by selling off over 2000 ASF sapphire growth systems it purchased for the Mesa factory.