Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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nodrog16

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Finisar down on report it's lost key Apple VCSEL deal

posted on Apr 02, 2018 11:22AM

Finisar down on report it's lost key Apple VCSEL deal

Apr. 2, 2018 10:00 AM ET|About: Finisar Corporation (FNSR)|By: Jason Aycock, SA News Editor

Finisar (FNSR -3.8%) has lost out on a critical VCSEL sensor deal with Apple, according to BlueFin Research.

That's good news for II-VI (IIVI -0.1%), Notable Calls suggests, in its position as a second source supplier.

The technology is critical to Apple's Face ID recognition, and the iPhone maker awarded $390M in funding to Finisar in December to ramp up production of VCSELs -- money Finisar was to use in remodeling a Texas plant.

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