What caused the GTAT bankruptcy filing? (Select all that apply) a. Acquisitions (buy capacity) b. Liquidity...

Question

Question

What caused the GTAT bankruptcy filing?

(Select all that apply)

a. Acquisitions (buy capacity)

b. Liquidity crisis

c. Government mandates and supports

d. Apple contract with high cost and no agreed sales volume

Answer 1

Answer #1

What caused the GTAT bankruptcy filing?

Apple contract with high cost and no agreed sales volume and liquidity crisis have caused the GTAT bankruptcy filing.

Therefore correct answer are the options -

b. Liquidity crisis

d. Apple contract with high cost and no agreed sales volume

The main reasons behind GTAT bankruptcy filing were -

GT Advanced Technologies (GTAT) is a supplier of Apple Inc. The contract between GTAT & Apple favors Apple and put all the risk on GT. For example GTAT committed to supply material but Apple had no obligation to buy the material from GTAT. Therefore Apple contract with high cost and no agreed sales volume caused bankruptcy filing for GTAT.
No time frame was given to Apple but GTAT was bound by time and these problems resulted in a liquidity crisis at GTAT.

Answer 2

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