Apple fines sapphire screen maker $50 million for leaking info

As a result, GT Advanced Technologies files for Chapter 11 bankruptcy after making the decision to sell their sapphire display manufacturing plants.

Published Tue, Oct 14 2014 7:06 AM CDT   |   Updated Tue, Nov 3 2020 12:14 PM CST

Apple is cracking a whip to set an example over smaller companies and suppliers who received (or will receive) contracts from the company to make components for its devices. The company slapped a sapphire display maker with a $50 million fine for leaking the information about its devices' specification and other information that they were obligated to be silent about.

Apple fines sapphire screen maker $50 million for leaking info | TweakTown.com

According to the report, the information came out because GT Advanced Technologies filed for bankruptcy once they have decided to sell off their sapphire crystal manufacturing factories. The company was responsible for leaking information about the presence of sapphire display for iPhone 6 before its release. But at the time when it was found that iPhone 6 will be using 'ion-strengthened glass', the share prices took a nose dive. Furthermore, the company owes about $600 million for the displays that are not used.

According to the bankruptcy report, the company said that its deal with Apple for iPhone screens was oppressive and burdensome where they had to terminate the agreement to deal with the situation. As a result, the company's facilities in Arizona and Massachusetts will close down, affecting up to 890 people's jobs. 13 employees would be getting bonuses adding up to $64,700.

After being a long time PC enthusiast and a former contributor for many Indian based PC and Tech forums, Roshan now joins TweakTown covering tech news and also any developments from India. Like many enthusiasts, with years of being involved in many Indian tech forums and running his own tech site, he's commonly referred by his forum nickname 'The Sorcerer' by many old and new fellow PC enthusiasts, followed by few companies from time to time. He's also the winner of the TweakTown's Computex 2012 Taipei trip. If any free time is left, Roshan prefers to play FPS games.

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