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15 December 2017, 08:22 | Gina Pena
Apple invests $390 million in US-made iPhone lasers
Finisar will use the money to refurbish a manufacturing plant in Texas where it will build chips created to power special iPhone features including Face ID, animojis and portrait photography. The laser chip maker will use the money to get its plant up and running again and will use the facility to make laser chips that power iPhone features such as Face ID, portrait photography, animoji, and others such. In May, Apple pledged $200 million to glass manufacturer Corning.
So it needs more VCSELs.
"VCSELs power some of the most sophisticated technology we've ever developed and we're thrilled to partner with Finisar over the next several years to push the boundaries of VCSEL technology and the applications they enable", Jeff Williams, Apple's chief operating officer, said in a statement.
It's not unusual for Apple to finance its suppliers.
The Finisar investment will revive a manufacturing plant in Texas, and should help to create over 500 jobs, according to Apple. Apple replaced that with Face ID, its own version of facial recognition which has been prevalent in Android phones since the time Android 4.0 ICS.
It's worth noting that this is not an equity investment - Apple calls it an "award" in its press release.
Shares of Finisar leaped nearly 30% at the opening bell Wednesday.
Eagles QB Wentz out for season with torn ACL
The touchdown was nullified by a penalty, but Wentz stayed in the game and tossed a TD pass to Alshon Jeffery four plays later. Pederson said there is no timetable to when Wentz will undergo surgery to address the injury.
Dennis Rodman: I Know What North Korea Wants
He also appeared multiple times on " Celebrity Apprentice " when Trump hosted the show and endorsed Trump in his presidential bid. A United States military official said: "That the North Koreans have biological agents is knows, by various means".
Finisar is the second company to receive an investment from Apple's USA manufacturing fund.
When combined with the company's nearby plant in Allen, Texas, Finisar's payroll in Northern Texas is expected to be $65 million.
"Questions have arisen regarding news reports of Apple's announcement this morning regarding a $390 million award to Finisar", Finisar said in a filing late Wednesday.
500 people will be hired to help build the TrueDepth cameras for the current iPhone X model. To give a sense of just how many VCSELs Apple will need in the coming years, it claims to have purchased 10 times as many lasers in the fourth quarter of 2017 as were previously produced worldwide over a similar three-month timeline.
It will only unlock your device when you look in the direction of the iPhone X with your eyes open.
Salvation Army to distribute donated toys from warehouse
Among the services that depend upon the annual Red Kettle campaign include a food panty that provides grocery assistance. The warehouse at 901 Trade St. has about 19,000 square feet, and the Salvation Army is using about half of that space.
Lake-effect tapers off overnight, then more snow
The heaviest snow is expected between 3 PM and 7 PM.* ADDITIONAL DETAILS.Significant reductions in visibility are possible. Most areas got around 3 to 4 inches, with Ann Arbor reporting the highest total amount at 5.6 inches.
Doctors work on universal flu vaccine
In addition to getting the flu vaccine , there are other things that you can do in order to protect your health. The flu is a serious disease. "Every year, we see hospitalizations and deaths from the flu here in our region".
Local gas prices continue to drop
The most expensive gas price averages in Georgia were in Savannah at $2.37 per gallon, Brunswick at $2.36 and Atlanta at $2.34. It's ultimately up to owners to decide if premium fuel is worth it, but choosing regular won't harm engines .