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Time to Buy the Dip on This Crucial Tech Company

Time to Buy the Dip on This Crucial Tech Company
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Apple's $410 million award to II-VI secures future orders for iPhone components

Apple's $410 million award to II-VI secures future orders for iPhone components
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Apple gives $410 million award to optical technology company II-VI

May 5, 2021 16:02 EDT
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Apple has announced that it has awarded II-VI $410 million from its Advanced Manufacturing Fund to help it build components for future iterations of the iPhone while providing 700 new jobs in Sherman, Texas; Warren, New Jersey; Easton, Pennsylvania; and Champaign, Illinois. II-VI was previously awarded $390 million by Apple from the same fund in 2017.
According to the iPhone maker, II-VI manufactures vertical-cavity surface-emitting lasers (VCSELs) that enable a range of Apple features including Face ID, Memoji, Animoji, and Portrait mode selfies. Apple also uses lasers manufactured by the award recipient in the LiDAR Scanner which enables realistic augmented reality experiences and provides better autofocus in low-light photos and videos. ....

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Apple announces $410 million investment to create hundreds of jobs in Sherman and across the U.S.

Apple puts another $410 million into supporting hundreds of jobs in Sherman and across the U.S.
Apple is investing in manufacturing partner II-VI Inc., which makes iPhone components at its Sherman facility that support Face ID, Animoji and other features.
Apple has worked with iPhone component manufacturer II-VI in Sherman, Texas since 2017.(Apple)
10:06 AM on May 5, 2021 CDT Updated at 11:40 AM on May 5, 2021 CDT
Apple is awarding manufacturing firm II-VI an additional $410 million to accelerate the delivery of iPhone components in the coming years, the company said Thursday.
The investment from tech giant’s iAdvanced Manufacturing Fund is expected to support 700 jobs around the country including hundreds in Sherman, where II-VI Inc. manufactures the lasers that power iPhone features like Face ID, Memoji and Animoji as well as portrait mode selfies. II-VI also creates LiDAR tech that supports low light camera features and improved augmented reality for iPh ....

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Coherent Will Merge With II-VI in a $6.3 Billion Deal

Coherent Will Merge With II-VI in a $6.3 Billion Deal
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