Finisar Receives $390 Million From Apple to Ramp Up 3-D Sensing Production; Maintaining $30 FVE
Apple announced on Dec. 13 that it has awarded $390 million to Finisar to build out capacity and ramp up production of vertical-cavity surface-emitting lasers, VCSELs, used in Apple's 3-D sensing applications like FaceID. Finisar will use the money, which comes from Apple's $1 billion Advanced Manufacturing fund, to develop its recently purchased 700,000-square-foot facility in Sherman, Texas, to produce VCSELs using 6-inch wafers as early as the second half of 2018. This confirms our most impor...Finisar is engaged in optical communications, providing components and subsystems to networking equipment manufacturers, data center operators, telecom service providers, consumer electronics and automotive companies. The company's optical subsystems consist primarily of transmitters, receivers, transceivers, transponders and active optical cables, which provide the optical-electrical, or optoelectronic interface for interconnecting the electronic equipment used in these networks, including the switches, routers, and servers used in wireline networks as well as the antennas and base stations used in wireless networks. The company also provides products known as wavelength selective switches.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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