What you need to know
- Apple is giving II-VI $410 million from its Advanced Manufacturing Fund.
- II-VI makes VCSELs for tech like Face ID and Portrait mode on iPhone.
- The move will create 700 jobs in America.
Apple has today announced it is giving $410 million to II-VI, maker of optic technology that powers features of the iPhone 12 like Face ID and Portrait mode.
The company stated:
Apple says the move is part of its commitment to invest $430 billion in the U.S., creating 20,000 new jobs over the next five years. Apple's AMF was established in 2017 and is a $5 billion fund that supports manufacturers like Corning, which helped Apple to create its Ceramic Shield for tougher glass in the iPhone.
Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9
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