Apple will invest $390 million in TrueDepth laser maker Finisar
Today, Apple announced in a press release that its going to invest $390 million in Finisar — the manufacturer of the components for the vertical-cavity surface-emitting lasers (VCSELs) in the iPhone X's front-facing TrueDepth camera. This award will come from Apple's $1 billion Advanced Manufacturing Fund, and is part of Apple's pledge to "support innovation and job creation by American manufacturers." The first award from the fund — $200 million — was given to state-of-the-art glass manufacturer Corning Incorporated back in May.
According to the release, the $390 was awarded to Finisar in order to "exponentially increase its R&D spending and high-volume production of VCSELs," which power all the popular (and polarizing) new features of the iPhone X such as Face ID, Animoji, and Portrait Mode selfies. To accomplish this, Finisar plans to convert a long-unused manufacturing plant in Sherman, Texas into "the high-tech VCSEL capital of the U.S.," creating over 500 engineering, maintenance, and technical jobs. Hiring, renovations, and equipment planning have already started for the Sherman facility, and the company is expected to begin shipping products in the second half of 2018. The release also assures that the Sherman facility will adhere to Apple's environmental policy, and will "procure enough renewable energy to cover all of its Apple manufacturing in the U.S."
Jeff Williams, Chief Operating Officer at Apple, expressed the company's enthusiasm for furthering its partnership with Finisar in a statement:
Finisar's CEO Jerry S. Rawls shared in Williams' enthusiasm, indicating that he believes the two companies can achieve their common goals together:
It seems that after the anxiety surrounding limited supplies in the months leading up to the release of the iPhone X, Apple is doing all it can to ensure that production of VCSEL lasers (and thus iPhone Xs and any future Apple products with TrueDepth technology) can be increased without worry when necessary.
What are your thoughts on Apple's most recent investment? Share them with us in the comments!
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Tory Foulk is a writer at Mobile Nations. She lives at the intersection of technology and sorcery and enjoys radio, bees, and houses in small towns. When she isn't working on articles, you'll likely find her listening to her favorite podcasts in a carefully curated blanket nest. You can follow her on Twitter at @tsfoulk.