Edition:
India

Apple Awards Finisar $390 Mln From Its Advanced Manufacturing Fund


Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Apple Inc ::APPLE AWARDS FINISAR $390 MILLION FROM ITS ADVANCED MANUFACTURING FUND.APPLE - FINISAR TO TRANSFORM ITS MANUFACTURING PLANT IN SHERMAN, TEXAS, INTO A MAIN VCSEL PRODUCTION CENTER.APPLE - FINISAR'S SHERMAN FACILITY EXPECTED TO BEGIN SHIPPING VCSEL PRODUCTS IN H2 2018.APPLE - IN Q4 OF 2017, CO WILL PURCHASE 10 TIMES MORE VCSEL WAFERS THAN PREVIOUSLY MANUFACTURED WORLDWIDE OVER SIMILAR TIME PERIOD.APPLE - ALL VCSELS CO BUYS FROM FINISAR TO BE MADE IN TEXAS.