International Finance
Company

Apple awards Finisar $390 million from its Advanced Manufacturing Fund

Award will create 500 high-skill jobs at Sherman, Texas Facility

Apple announced the latest award from its $1 billion Advanced Manufacturing Fund. Finisar, a leading manufacturer of optical communications components, will receive $390 million as part of Apple’s commitment to support innovation and job creation by American manufacturers.

The award will enable Finisar to exponentially increase its R&D spending and high-volume production of vertical-cavity surface-emitting lasers (VCSELs). VCSELs power some of Apple’s most popular new features, including Face ID, Animoji and Portrait mode selfies made possible with the iPhone X TrueDepth camera, as well as the proximity-sensing capabilities of AirPods.
VCSEL technology is a better performing, more compact and cost-efficient solution compared to traditional edge-emitting lasers for many emerging applications. Apple has rapidly adopted depth-sensing technology in recent years, leading to the development and production of the most advanced VCSELs used in the history of consumer electronics. In the fourth quarter of 2017, Apple will purchase 10 times more VCSEL wafers than were previously manufactured worldwide over a similar time period.

What's New

UK chief executives earn more than average employees: study

Malaysia’s Fintec drops plan to acquire 75% stake in Zouk Club

Glaxosmithkline shareholders approve merger with Hindustan Unilever

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.