Could Proper Procurement Have Saved Apple and GT Advanced?
Author: Pierre Mitchell
By now, you're probably well aware of the Apple and GT Advanced Technologies (GTAT) debacle that's been all over the news headlines. In case you haven't been following this, GTAT makes sapphire manufacturing equipment and had hoped to also sell some special sapphire glass made from its most advanced equipment to Apple (there's a cool video here on how the crystal is made). The $578 million exclusive contract was loaded with penalties, namely $50M per incident of any IP violation, and involved a series of milestone payments as production scaled up. Unfortunately... -