Coherent and Apple Expand Strategic Partnership With New Multiyear VCSEL Agreement in Texas

Core Insights - Coherent Corp. has entered a new multiyear strategic supply agreement with Apple, enhancing their long-term partnership [1][2] - The agreement focuses on the production of vertical-cavity surface-emitting lasers (VCSELs) essential for features like Face ID on Apple devices [1] - Coherent's manufacturing facility in Sherman, Texas, plays a crucial role in this production [1][2] Company Overview - Coherent is recognized as a global leader in photonics, providing technology that drives innovation across various industries [3] - The company operates in over 20 countries and offers a comprehensive technology stack and resilient supply chain [4] - Coherent's technology is utilized by industry leaders in data centers, communications, and industrial markets [3][4] Strategic Importance - The partnership with Apple is seen as a testament to the strength of their collaboration and commitment to advancing technology [2] - Apple's commitment to invest $600 billion in the U.S. over the next four years highlights the significance of American manufacturing and innovation [2] - Coherent's Sherman facility features advanced manufacturing platforms for next-generation optoelectronic applications [2]