What happened to finisar corporation?
Finisar Corporation, a leading provider of optical communication products, was acquired by II-VI Incorporated in November 2018. II-VI Incorporated, a global leader in engineered materials and optoelectronic components, completed the acquisition of Finisar for approximately $3.2 billion. The merger of these two companies created a comprehensive portfolio of optical solutions and expanded II-VI's capabilities in the rapidly growing markets of 5G, data centers, and consumer electronics.
Expansion of production capacity for VCSELs (2018)
Finisar Corporation, a leading manufacturer of optical communication components, has undergone significant changes in recent years. One notable development for the company occurred in 2018 when Finisar announced an expansion of its production capacity for vertical-cavity surface-emitting lasers (VCSELs).
VCSELs are a key component in various applications, including 3D sensing, facial recognition, and augmented reality. With the growing demand for these technologies, Finisar recognized the need to increase its manufacturing capabilities to meet market requirements. The expansion aimed to address the rising demand for VCSELs by investing in additional production facilities and equipment.
This move was driven by the anticipation of increased demand for VCSELs in consumer electronics, particularly in smartphones. Apple, in particular, was a major customer of Finisar, and the expansion was seen as a response to Apple's commitment to using VCSELs in its products, such as the iPhone X.
The expansion of production capacity for VCSELs was a strategic decision for Finisar to position itself as a leading supplier in the growing market. By increasing its manufacturing capabilities, the company aimed to secure its position as a key player in the optical communication industry.
As for the latest point of view, it is worth noting that in 2019, Finisar was acquired by II-VI Incorporated, a global leader in engineered materials and optoelectronic components. This acquisition further strengthened II-VI's position in the optical communication market and expanded its product portfolio.
Overall, the expansion of production capacity for VCSELs in 2018 was a significant milestone for Finisar Corporation, enabling the company to meet the increasing demand for VCSELs and solidify its position in the market.
Partnership with Apple for Face ID technology (2017)
Finisar Corporation, a global technology company specializing in optical communication components, has had a significant development in recent years through its partnership with Apple for Face ID technology. In 2017, Apple announced a $390 million investment in Finisar, which aimed to support the production of vertical-cavity surface-emitting lasers (VCSELs) used in the iPhone X's TrueDepth camera system.
This partnership was a strategic move by Apple to secure a stable supply of VCSELs, a critical component of the Face ID technology. Face ID, introduced with the iPhone X, revolutionized smartphone security by using facial recognition to unlock devices and authenticate payments. The technology relies on VCSELs to project and analyze thousands of infrared dots to create a detailed 3D map of the user's face.
The investment from Apple allowed Finisar to accelerate its research and development efforts, expand its manufacturing facilities, and create job opportunities in the United States. Finisar's Texas plant, which was previously closed, was reopened and dedicated to VCSEL production.
Since then, Finisar has continued to supply VCSELs to Apple for its latest iPhone models, including the iPhone 11 and iPhone 12 series. The partnership with Apple has not only provided Finisar with a significant revenue stream but has also solidified its position as a leading provider of VCSEL technology in the industry.
As of the latest point of view, Finisar Corporation, now a subsidiary of II-VI Incorporated, remains a key player in the optical communication industry. The company continues to innovate and develop advanced optical components for various applications, including data centers, telecommunications, and consumer electronics. Its partnership with Apple has undoubtedly contributed to its success and growth in recent years.