Comment Re:LMAO (Score 0, Redundant) 189
Not quite, It is more Apple ruined them by promising to buy their product and then not following through after they had already heavily invested in meeting the supply for that promise. regardless they need to accept responsibility for entering into such a lopsided agreement. You make stupid decisions and stupid things happen. Why would you trust any company in this way, especially apple.
Well, the other problem was the sapphire wasn't of sufficient quality. Apple's contract said they'd buy it if it was of a certain quality and it failed to meet the bar.
And while lopsided, Apple did lend over $1B as part of the contract to build the factory and merely demanded repayment on a schedule.
Now, Apple is claiming innocence to the fact that they didn't know of the troubles - saying if they knew they would've worked with GTAT to fix issues. Whether it's true or not, we don't know.
Apple bears part of the blame for coming up with the lopsided agreement in the first place. That's not to detract from the blame GT deserves for signing.
Well, Apple has lawyers draw up the contract. GTAT has lawyers to review the contract. It's not Apple presenting a contract to a 1-man shop - it's an organization that's been around and has the resources to scrutinize and negotiate. If GTAT only saw dollar signs when they were handed the contract and didn't review it closely, that's their fault. This isn't a big supplier going after a lone inventor (who may be given leeway for not completely understanding the deal).
Interestingly, Apple is keeping the plant and planning on re-hiring laid off workers. GTAT will be selling off the furnaces but Apple paid ofr the factory and is keeping it to manufacture... something.