GT Advanced agrees to pay Apple up to $290,000 per furnace sold

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GT Advanced has reached an amended settlement agreement with Apple, the company announced today. The settlement will see GT Advanced paying Apple $200,000 per Sapphire furnace sold for the first 500 units, $250,000 per furnace for 501-1000, and $290,000 per furnace for each additional unit until the loan of $439 million is repaid.

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