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Apple to GTAT

Apple to sapphire supplier: “Put on your big boy pants and accept the agreement”

  • A $50 million penalty for breach of confidentiality per occurrence.
  • No manufacturing processes could be modified by GTAT without Apple’s prior consent but GTAT must immediately implement Apple’s suggestions.
  • GTAT must fulfill any purchase order placed by Apple on the date selected by Apple or purchase substitute goods at GTAT’s expense.

When you are as big as Apple, you get to be a bully.