Apple invests $390M in Finisar for VCSEL chip production in Texas

Apple will invest $390 million from its Advanced Manufacturing Fund into Finisar to expand R&D and production of VCSEL chips used in iPhone X and AirPods. Finisar will reopen a 700,000-square-foot plant in Sherman, Texas, creating over 500 jobs, with shipments expected in late 2018.

“VCSELs power some of the most sophisticated technology we’ve ever developed, and we’re thrilled to partner with Finisar over the next several years to push the boundaries of VCSEL technology”venturebeat.com

• 3 sources
• venturebeat.comApple invests $390 million in maker of depth-sensing chips for iPhone X | VentureBeatPaul SawersDec 13, 2017
• fool.comWhy Finisar Shares Are Soaring Today | The Motley FoolEvan Niu, CFADec 13, 2017
• electronicdesign.comApple Grants $390 Million to Finisar, Which Makes Infrared Laser Chips | Electronic DesignJames MorraDec 15, 2017

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