Apple announces $410 million award for II-VI Staff reports A multi-million investment by Apple could potentially fuel hundreds of jobs at a Sherman manufacturing plant. The tech giant announced Wednesday that it is investing $410 million investment in II-VI, parent company of Finisar, through its Advanced Manufacturing Program. II-VI manufactures advanced laser technology that is used in many Apple iPhone products to help power Face ID, Memoji, Animoji and other applications. Through this partnership, Apple hopes to support up to 700 jobs in Texas, Pennsylvania, Illinois and New Jersey. “The partnership between Apple and II-VI sets the stage for a new wave of breakthrough technologies that we believe will enable a wide range of applications that will benefit our world for decades to come,” II-VI CEO Vincent Mattera Jr. said in a press release. “We are incredibly grateful for Apple’s support which has allowed us to expand our manufacturing capacity and scale our operations across the US.”