According to foreign media reports, GT, who applied for bankruptcy protection earlier, announced that it had reached a settlement with Apple. According to the settlement agreement, GT will withdraw from the production of sapphire materials, instead provide equipment for the production of sapphire crystals, and will release all exclusive obligations with Apple, and return the advance payment of $439 million to Apple without interest.

Previously, GT, as Apple's sapphire glass manufacturer, reached a cooperation agreement of 578 million dollars to expand the production of sapphire glass and related research and development. GT also announced that it will continue to carry out technical exchanges with Apple, and that it also has relevant knowledge products, and can sell sapphire production technology without restrictions.