Apple reportedly withheld $139 million payment from GT Advanced prior to bankruptcy filing
Apple withheld its final payment of $139 million it was due to make to GT Advanced,reportsThe Wall Street Journal, ahead of itsdecisionto file for Chapter 11 bankruptcy. It’s not known why the company withheld the money, but it’s been speculated GT was not able to meet sapphire yield requirements outlined in its deal. That deal involved Apple loaning GT Advanced a total of $578 million to help get alarge sapphire factoryin Arizona up and running....