Apple’s Advanced Manufacturing Fund has provided a further $410M to optical tech company II-VI (formerly known as Finisar), following an initial advance of $390M back in 2017. The company makes the vertical cavity lasers used in the TrueDepth camera system for Face ID.
Apple says that the payment will help to support more than 700 jobs across four US states …
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COVID-19 test kits have been in short supply, so Apple stepped in to help develop a more efficient manufacturing process for a key supplier, boosting output by almost 4,000% since last April. It saw output rise from thousands per week to over a million.
Apple’s Advanced Manufacturing Fund provided COPAN Diagnostics with both manufacturing expertise and a capital injection of $10M…
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Two years ago Apple unveiled ambitious plans to invest several billion dollars in advanced manufacturing jobs in the United States, starting with a $200 million investment in Corning in Kentucky. Now Apple is cranking its investment in the precision glass maker way up through its Advanced Manufacturing Fund.
Sherman may be a small Texas town with a population of just a few tens of thousands of people, but Apple supplier Finisar has big plans for its new plant there …