SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Finisar - FNSR
FNSR 23.770.0%Sep 24 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Saulamanca who wrote (482)12/13/2017 9:03:56 AM
From: Sr K1 Recommendation

Recommended By
Investor Clouseau

  Read Replies (1) of 509
 
FNSR is +4.80 pre-market, at ~24.10 bid.
now, pulling back to 23.85 bid
after hitting 25.77 at ~7:10 am
edit … 24.35 bid

from
TechCrunch

finance.yahoo.com

Apple invests $390 million in TrueDepth component maker Finisar

Apple announced a substantial investment in Finisar. Apple is giving Finisar $390 million to build a new 700,000-square-foot manufacturing plant in Sherman, Texas. Finisar is going to hire 500 people to work on the laser sensor in the TrueDepth camera in the iPhone X.

Today’s investment is part of Apple’s commitment to invest $1 billion in U.S.-based companies with its Advanced Manufacturing Fund.

Apple says that Finisar is going to work on both research & development and high-volume production of optical communications components. The most complicated components are the vertical-cavity surface-emitting lasers (VCSELs) used in the iPhone X for Face ID, Animoji, Portrait mode and other face-mapping technologies. But Finisar also works on proximity sensors including the ones in the AirPods.

And it’s quite easy to understand why Apple is investing in Finisar. There are simply not enough suppliers in this field today. In the fourth quarter of 2017 alone, the company will purchase 10 times more VCSEL wafers than the entire VCSEL production in the world during the fourth quarter of 2016. So Apple needs to foster production.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News