Apple on Wednesday announced that it has invested approximately $ 390 million in Finisar Co., a technology company that has developed technologies for the face recognition of Apple products, including the iPhone X.
The $ 1 billion investment from Apple's Advanced Manufacturing Fund will enable Finisar to increase the development and production of vertical cavity surface emitting lasers (VCSELs), which Finisar will use Texas has a total of 1 billion U.S. dollars (Sherman) An area of about 700,000 square feet of closed down manufacturing plant, transformed into the development of VCSEL wafer factory, the future will be used in Apple's products.
It is expected that the total output of the $ 1 billion plant will likely make it the capital of the US VCSEL, and Apple said Finisar will begin hiring more than 500 advanced workers in the near future.
The Sherman plant, combined with another Finisar facility in Allen, Texas, is expected to bring Finisar's payroll tax in the state to more than $ 65 million.
Finisar will sell Apple's VCSEL 100% will be made in Texas. Based on Apple's commitment to environmental protection, Finisar's Apple product OEM production line will use renewable energy.
Finisar released two major issues in December: one was to buy the Sherman plant in Texas and the other was to ship mass-produced lasers to big customers Apple chief operating officer Jeff Williams said at a press conference on the 13th "VCSEL is the driving force behind some of the state-of-the-art technologies that we have developed and Apple is pleased to be working with Finisar over the next few years on the VCSEL technology and its applications." He also said the fourth quarter's purchases of VCSEL wafers 10 times more globally than at the same time before.
Lumentum originally owns 100% of Apple's low-power VCSEL orders and 75% of high-power VCSELs (for iPhone X) orders, and now Apple officially declares Finisar to be the company's second-largest VCSEL provider, perhaps meaning Finisar's VCSEL delivery share VCSEL for iPhone X Several new features including Face ID, TrueDepth camera and portrait mode selfie.
Finisar closed up 22.80% to $ 23.70 on Wednesday. Apple rose 0.33% to $ 172.27 on Wednesday.
Apple said it will use advanced manufacturing funds to invest in innovative production of US domestic companies to encourage innovation and job creation, and in May Apple also provided $ 200 million in R & D funding and support to Gorilla Glass manufacturers equipment.
Apple claims that it will indirectly provide 2 million jobs in 50 U.S. states, including 450,000 of Apple's suppliers and investment companies in the U.S. The company said that last year alone, 9,000 suppliers and manufacturers in the United States alone Businesses spend more than 50 billion U.S. dollars.
Compile: Luffy Liu