Coherent’s new multi-year supply agreement with Apple is for producing lasers that power Face ID on iPhone.
Coherent Corp. (COHR) has signed a new multi-year supply agreement with Apple Inc. (AAPL) on Thursday to produce vertical-cavity surface-emitting lasers (VCSELs).
VCSELs power biometric features such as Face ID on iPhone and iPad products distributed globally. These components are developed and fabricated at Coherent’s Texas facility.
Get updates to this developing story <directly on Stocktwits<.<