3 ms·
Doesn't seem like Apple actually wanted to buy a glass factory. They just got "stuck" with it because GT declared bankruptcy. Excerpt: >, through an auction
by jasode 9y ago
Doesn't seem like Apple actually wanted to buy a glass factory. They just got "stuck" with it because GT declared bankruptcy. Excerpt:
>, through an auction of between 1,400 to 2,000 of GT’s sapphire-making furnaces in November. Proceeds are to be split between Apple and GT, according to court papers, and any unsold equipment (with the exception of 600 furnaces that GT Advanced will retain) will be given to Apple for scrap.[...] Apple has announced plans to repurpose the facility as a data center.
- basch 9y agowhat happened was, apple went to a furnace company and said we want a lot of furnaces. then later they said we also want you to run the furnaces and make glass. the company couldnt deliver because that wasnt what they did and it was outside the scale of anything they did before. the company declared bankruptcy because of the apple investment. apple basically created a glass factory out of thin air in somebody elses name, and it failed to produce.