Apple Inc. has reached a deal with a synthetic sapphire glass maker that will allow details of contracts between the companies and the business problems that led GT Advanced Technologies to a financial crisis to remain secret.
A Tuesday filing in U.S. Bankruptcy Court in New Hampshire shows a settlement that will allow sealed documents filed by GT’s chief operating officer and Apple last week to be withdrawn and all copies destroyed.
Apple hasn’t commented beyond saying it was surprised by the bankruptcy filings and was working to retain jobs at the plant.
GT is shutting down a new sapphire plant in Mesa and laying off 724 workers.
Apple advanced GT $429 million to outfit the plant under a contract announced last November.
Apple Inc. says it will open a manufacturing plant in the Phoenix suburb of Mesa that will eventually employ 700 workers.
“Apple’s presence in the region will be a game-changer for the Greater Phoenix area, its innovation landscape and future ability to attract other high-tech companies,” said GPEC President and CEO Barry Broome. “Between their plans to hire 700 direct employees and run completely on renewable energy, I’m convinced Apple could not have chosen a better location than Mesa and Eastmark. This deal is the result of the cooperation and support of several parties, including Maricopa County Supervisor Steve Chucri, City of Mesa Mayor Scott Smith, DMB Associates, the ACA and SRP, whose infrastructure will enable more projects to move forward in the surrounding area.”
The Cupertino, Calif., maker of the iPhone confirmed Monday that it is expanding its U.S. manufacturing operations in a former First Solar plant in Mesa. The city southeast of Phoenix already hosts a long list of high-tech manufacturing firms.
About 1,300 construction jobs will also be created as the First Solar plant designed to make thin-film solar panels is converted. The company sold the plant last month.
Apple spokeswoman Kristen Huguet says the plant will be powered with renewable energy provided by local utility Salt River Project.
Gov. Jan Brewer said Apple’s decision to come to Arizona is a sign that the state’s efforts to provide a pro-business climate are paying off.