Obsessed with technology?
Subscribe to the latest tech news as well as exciting promotions from us and our partners!
By subscribing, you indicate that you have read & understood the SPH's Privacy Policy and PDPA Statement.
News
News Categories

Apple awards $410 million to optical tech company II-VI

By Cookie Monster - on 5 May 2021, 9:55pm

Apple awards $410 million to optical tech company II-VI

Image source: Apple

Apple just announced that it has awarded an additional $410 million to leading optical technology company II-VI.

The $410 million award came more than three years after an initial $390 million award in 2017. It will help create additional capacity and accelerate delivery of future components for the iPhone. In addition, more than 700 manufacturing jobs across the U.S will be supported.

II-VI is the manufacturer of vertical-cavity surface-emitting laster (VCSELs) that help power Face ID, Memoji, Animoji, and Portrait mode selfies. II-VI also manufactures lasers used in the LiDAR Scanner used on the iPhone 12 Pro and iPad Pro models.

The Advanced Manufacturing Fund was established in 2017 to support world-class innovation and high-skilled manufacturing jobs across the U.S. Apple awarded $200 million to Corning in 2017 to boost research and development, capital equipment needs and advanced glass processing.

Source: Apple

Join HWZ's Telegram channel here and catch all the latest tech news!
Our articles may contain affiliate links. If you buy through these links, we may earn a small commission.