500 new jobs Apple said in a feature posted on its own web site that it hoped the support would transform both the Sherman site, which has been idle since 2012 when previous owner Texas Instruments mothballed the facility, and the local area. Apple says that in the fourth quarter of 2017 it will purchase "10 times more VCSEL wafers than were previously manufactured worldwide over a similar time period".
Apple does acquire companies from time to time, but its investment in Finisar is different.
Apple has big plans for proximity sensing technology in its products because it just invested US$390 million in VCSEL laser maker Finisar.
VCSELs power new iPhone features Arrays of vertical-cavity surface-emitting lasers (VCSELs) are critical to some of the features in Apple's latest iPhone X handset, providing the face-mapping hardware behind "Face ID" security, portrait-mode selfies, and the "Animoji" customized emoji option.
"VICSELs 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 of VCSEL technology", said Apple's chief operating officer Jeff Williams in a statement. Finisar expects the Sherman facility to begin shipping new VCSELs by the second half of 2018. Corning Inc, the maker of glass for iPhone and iPad screens, earlier received US$200 million for glass processing.
2 dead after shooting at Penn State Beaver
CBS Pittsburgh his reporting that police believe the shooting was a murder-suicide involving a woman and her estranged husband. I've been sent out of college, with honors and such, on the search for the American Dream.
Finisar's shares, which rose as much as 30 percent on Apple's announcement, pared gains to trade up 22 percent following the clarification. He said: "When you combine our proven ability to consistently manufacture exceptional products with our new state-of-the-art Sherman facility, we're confident we can achieve our shared goal of providing consumers with incredibility exciting features".
"It will be great to see people come back through the door".
It's unclear where those facilities would be located or how many workers would be employed. "The City of Sherman has invested significantly in improved infrastructure and amenities, and that's translated into an unparalleled quality of life".
"Apple is accelerating the investment at the second source supplier to diminish its risk".
This news content was configured by WebWire editorial staff. Linking is permitted.