Apple invests $390M in Finisar, company that makes lasers for iPhone X

Apple has announced a $390 million investment in Finisar, the company that produces lasers used in the iPhone X’s Face ID technology, according to a press release. The money is expected to be spent on research and development and high-volume production of the vertical-cavity surface-emitting lasers that power Face ID, Portrait mode selfies and even the proximity-sensing capabilities of AirPods. Finisar will be remodelling a 700,000-square-foot manufacturing plant in Sherman, Texas to add more than 500 jobs for engineers, technicians and maintenance teams to dramatically increase production. This is the second grant from Apple’s Advanced Manufacturing Fund, which previously invested $200 million in Corning’s “revolutionary glass production methods.”

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