Apple announces that it will award 410 million dollars


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Apple announces that it will award 410 million dollars

Apple has announced a $410 million reward for facial ID and LiDAR browser supplier II-VI in the Advanced Manufacturing Fund.

Apple’s funding for the optical technology maker will support more than 700 jobs in Sherman, Texas, helping to build additional capacity and speed up delivery of future iPhone components.

In addition to lasers for the LiDAR scanner, II-VI will also produce vertically spaced surface area lasers (VCSEL’s) that help strengthen Face ID. The optical technology company also aims to produce vertically spaced surface-emitting lasers that help strengthen Face Id, Memoji, Animoji, and Portrait mode selfies.

Apple announces that it will award 410 million dollars 1

Apple will also work with II-VI to produce the lasers used in the LiDAR scanner. The duo will enable the technology to deliver faster and more realistic augmented reality experiences. It will also improve Autofotox in low-light scenes in photos and videos.

“We have established Apple’s Advanced Manufacturing Fund to support the next generation of technology and American companies that create tomorrow’s jobs. II-VI shares our commitment to pushing the boundaries of innovation and we are proud to expand our work together across the country.”

Apple’s Advanced Manufacturing Fund paid $390 million to its optical supplier Finisar in 2017, which was later acquired by II-VI.

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