# 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.

- Type: Investment
- Announced: 2017-12-13
- Where: Sherman, Texas, United States
- Value: $390.0M
- Jobs: 500
- Starts operating: Q3 2018
- Status: announced
- Products: vertical-cavity surface-emitting lasers (VCSELs), depth-sensing chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Finisar](https://endata.com/companies/18788.md)
- [Apple](https://endata.com/companies/2967.md) (investor)

## Sources

- [venturebeat.com](https://venturebeat.com/business/apple-invests-390-million-in-company-that-makes-vcsel-depth-sensing-chips-for-iphone-x), 2017-12-13: "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"
- [fool.com](https://www.fool.com/investing/2017/12/13/why-finisar-shares-are-soaring-today.aspx), 2017-12-13: "The money will help Finisar boost its research and development spending and ramp production of vertical-cavity surface-emitting lasers (VCSELs)"
- [electronicdesign.com](https://www.electronicdesign.com/technologies/embedded/article/21805944/apple-grants-390-million-to-finisar-which-makes-infrared-laser-chips), 2017-12-15: "Finisar said that it would use the grant to reboot a 700,000 square foot plant in Sherman, Texas, to increase production of VCSELs."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.