Apple’s Advanced Manufacturing Fund sends $410 million to a laser company. This tech agency is the one behind FaceID, Memoji, and Portrait Mode.
Apple will fund the laser company behind some of its most popular technologies, such as Memoji, FaceID, and Portrait Mode. This tech giant agency specializes in building AR (Augmented Reality) innovations.
Apple will release more than $410 million budget, setting the stage for a new wave of breakthrough technologies. The said financial budget exactly came from the company’s Advanced Manufacturing Fund. Tim Cook, the manufacturer’s CEO, said that they will boost the productivity of the company who helps with their FaceID, Memoji, and Portrait Mode.
Aside from the mentioned, technologies, Apple’s partner also develops lasers that are used in the latest LiDAR scanner, which is currently integrated into the latest iPhone 12 and iPad Pro flagships. LiDAR is currently considered by the big tech company as the key to augmented reality experiences.
Said the iPhone giant maker. “Apple today announced a new $410 million award from its Advanced Manufacturing Fund for II-VI, a leading manufacturer of optical technology.”
Apple further explained that “The expansion of the company’s long-standing relationship with II-VI will create additional capacity and accelerate delivery of future components for iPhone, with 700 jobs in Sherman, Texas; Warren, New Jersey; Easton, Pennsylvania; and Champaign, Illinois.”
Finisar Corporation, which was acquired by II-VI, previously received around $390 million in funds from Apple in 2017. Some experts claimed that this budget help shows that the iPhone maker wants to keep its Face ID, which is still powered by II-VI’s vertical-cavity surface-emitting lasers.
On the other hand, some analysts claim that this is also a sign that Apple will soon have more advanced AR and VR innovations.
Why is AR important to the iPhone giant creator?
During Tim Cook’s announcement, he said that AR is critically important to giant gadget manufacturer’s future. He added that computers can see the world in 3D, thanks to II-IV’s manufactured devices.
Cook said that the giant gadget manufacturer is currently sending funds to II-VI so that it can further create more advanced versions of the technologies used in iPhones, iPads, and other devices. It could even enhance the upcoming mixed reality headset.
On the other hand, II-VI’s CEO said during the giant gadget manufacturer’s press release that its partnership with the iPhone maker “sets the stage for a new wave of breakthrough technologies that we believe will enable a wide range of applications that will benefit our world for decades to come.”
The giant gadget manufacturer said that it developed the Advanced Manufacturing Fund back in 2017 so that it can support world-calls innovaiton and high-skilled manufacturing jobs across the United States. As of the moment, this program supports more than 2.7 million jobs across all 50 states in the U.S. through direct employment, the iOS app economy, and spending with U.S. suppliers, as well as manufacturers.