Apple is giving a laser company that builds some of its AR tech $410 million
Apple has announced that it’s awarding Pennsylvania-based optical technology company II-IV with $410 million from its Advanced Manufacturing Fund. Apple CEO Tim Cook tweeted that the company’s tech helps power Apple’s FaceID, Memoji, and Portrait Mode. The company also manufactures lasers that are used in the LIDAR scanner found in the iPhone 12 Pro and iPad Pro, technology that Apple touts as being key to augmented reality experiences.
Finisar, which was later acquired by II-VI (pronounced “two-six”) received $390 million from Apple’s fund back in 2017. While this latest investment likely shows that Apple intends to keep FaceID (which is powered by II-IV’s vertical-cavity surface-emitting lasers) around for a while, it could also be…