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A new report claims that a supplier may develop new technology or new processes, only for Apple to — perfectly legally — take that work to a cheaper company, sometimes leaving the original one to go bankrupt.
Apple has suppliers all over the world
Apple has suppliers all over the world
There have already been examples in 2024 of how being an Apple supplier may not be a great idea. While no parties involved will directly confirm it, it appears that Apple abruptly cancelled two micro LED suppliers — one of whom had spent $1.4 billion building a factory for it.
Reportedly, those firms have no recourse with Apple, and presumably it’s because the cancellations were allowed within the contracts. According to The Information, Apple’s typical contracts also give it complete control and at least co-ownership, over every step of the supplier’s manufacturing process.
Originally appeared here:
Apple said to be stealing tech from expensive suppliers to give to cheaper ones
