Apple accused of forcing supplier into bankruptcy
A supplier of Apple, GTAT, claims the company told it to “put on your big boy pants” and accept an onerous supply chain finance agreement that drove the company to bankruptcy, a court was told. Experts dispute the story.
GT Advanced Technologies (GTAT) filed for bankruptcy in the US on November 7, claiming that a supply chain finance agreement with Apple had forced a liquidity crisis in the company.
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