I wouldn't mind seeing Apple produce some of their key components like Sapphire for example. I hope they just but them out, take 51% ownership and hire some competent managers to run it.
The contract is sealed by the court so we aren't going to find out. However, given how well Apple negotiated its contract, I would guess that Apple's loans have been secured by the equipment. Normally a creditor would get $0.10 on the dollar for the equipment. If the equipment is liquidated and the factory shut down, Apple might recover like $50 million.
However, what if Apple takes possession of the equipment and hires someone else to run the factory for them? Apple already owns the building. Apple could make out like a bandit. If GTAT breached the contract, Apple probably has a right under the contract to have a third party make sapphire using GTAT technology.
Next year's iPhone may be called iPhone 6S where "s" is for "sapphire" shipped from Arizona.
Time to work another deal with Foxconn, one of the few companies in the world that can scale and deliver for almost any Apple request.
I wouldn't mind seeing Apple produce some of their key components like Sapphire for example. I hope they just but them out, take 51% ownership and hire some competent managers to run it.
They already do, the TouchID sensor and the rear Camera!!! That's Sapphire and some key components!!!
Apparently GT Advanced's attorneys aren't very good at reading contracts. Nobody pointed a gun at their heads and told them to sign on the dotted line.
I feel sorry for the line employees. Hopefully there will be jobs for them in the near future at these two facilities.
No they wont be jobs in the other facilities ... they didn't off any positions the the people they laid off in Merrimack or Salem
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I wouldn't mind seeing Apple produce some of their key components like Sapphire for example. I hope they just but them out, take 51% ownership and hire some competent managers to run it.
Time to work another deal with Foxconn, one of the few companies in the world that can scale and deliver for almost any Apple request.
Buying this company makes far more sense then buying BEATS!!! More then likely cheaper also!
I wouldn't mind seeing Apple produce some of their key components like Sapphire for example. I hope they just but them out, take 51% ownership and hire some competent managers to run it.
They already do, the TouchID sensor and the rear Camera!!! That's Sapphire and some key components!!!
Nope they didn't do it for any of the Merimack or Salem employees laid off plus most of the employees in Mesa were temps
Apparently GT Advanced's attorneys aren't very good at reading contracts. Nobody pointed a gun at their heads and told them to sign on the dotted line.
I feel sorry for the line employees. Hopefully there will be jobs for them in the near future at these two facilities.
No they wont be jobs in the other facilities ... they didn't off any positions the the people they laid off in Merrimack or Salem