This has nothing to do with "China mentality". Apple actually has one of the best records in the industry with regards to contractors.
In this particular case, I don't think the demands Apple made on GT were "insane" at all. Remember, Apple threw down half a billion dollars to buy them a facility to use and equipment. GT didn't have to front that overhead. If you were investing that much money in a company, wouldn't you make sure you had appropriate oversight over said company?
Besides, as others have noted, it's absurd to cry foul after the fact. If the GT execs found the contract so burdensome, they shouldn't have signed it in the first place.
If this contract was so one sided, why did they sign it?
So. A COO is dumb enough to sign a contract that was so potentially debilitating to his company, and then he blames Apple for signing next to his name?
Interesting...
Isn't Apple rich enough? Like seriously who creates possible fines of $300,000.
Apple online led them to a huge scrolling massive amount of pages that had an "agree" button at the very top. Just like when we get new terms regarding iTunes or iCloud.
Of course it was highly favorable to Apple. Apple paid for it.
If the COO of GT thought it was the strict contract why did he sign it ?
It's always someone else's fault.
If this contract was so one sided, why did they sign it?
that didn't read it and just clicked accept.
Apple online led them to a huge scrolling massive amount of pages that had an "agree" button at the very top. Just like when we get new terms regarding iTunes or iCloud.
Exactly, they signed a bad contract and now his made about it. What he is essentially saying is that I don't know how to protect the company on deals.
Well why was the contract signed by GT Advanced in the first place if the COO thought it was too strict?
Apple is not at fault.
It's wasn't a bad contract; it was strict/tough ...
I know that everyone will get on GTAT's back about this, but I respect his point. Apple has billions upon billions of dollars, they don't. GTAT took a chance, and failed. It should be respected that they tried.
This is also a loss for Apple. Obviously, Apple wanted this work done, and they wanted the expertise that GTAT had. Perhaps if Apple was not as heavy handed with the contract terms, this would have worked out for all.
It's not necessary for Apple to flex its corporate muscle all the time. Sometimes it can backfire.
This is also a loss for Apple. Obviously, Apple wanted this work done, and they wanted the expertise that GTAT had. Perhaps if Apple was not as heavy handed with the contract terms, this would have worked out for all.