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If you loan someone $580 million to start making sapphire for you iPhone and he goes bankrupt instead, definitely not happy. Society Apple because she borrowed GT Advanced the said money to get GT Advanced built a sapphire factory in Arizone, bought all the necessary equipment here and eventually employed 800 people. But problematic production caused that Apple he refused to use sapphire glasses and started sticking to traditional Gorilla Glass again, which got GTAT into trouble.

GT Advanced still has a debt to Applu and he must repay. That is why the pair of companies agreed that GT Advanced, among other things, sells the furnaces needed for the production of sapphire glasses, which were purchased with the company's money Apple. Lawyers expect the agreement between the two companies to help solve most of the problems between them, save millions of dollars and help to end the cooperation between them more amicably.

*Source: Street Insider

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