Apple Awards an Additional $410 Million from its Advanced Manufacturing Fund to II-VI

Apple and II-VI's collaboration will support more than 700 manufacturing jobs across the US

Apple ® today announced a new $410 million award from its Advanced Manufacturing Fund for II-VI, a leading manufacturer of optical technology. Today's award builds on an initial $390 million awarded from Apple's Advanced Manufacturing Fund in 2017. The expansion of the company's long-standing relationship 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.

II-VI manufactures vertical-cavity surface-emitting lasers (VCSELs) that help power Face ID ® , Memoji™, Animoji ® , and Portrait mode selfies. Apple also works with II-VI to manufacture lasers used in the LiDAR Scanner — technology that helps deliver faster, more realistic augmented reality experiences and improves autofocus in low-light scenes in photos and videos.

Apple began working with II-VI in Sherman, Texas, in 2017 as part of the company's Advanced Manufacturing Fund, which helped transform a long-shuttered, 700,000-square-foot building into a high-tech manufacturing facility and created hundreds of local jobs. Through close collaboration with Apple engineering and operations teams, the company has rapidly increased production in the past year to enable record shipments from the Sherman facility.

"We established Apple's Advanced Manufacturing Fund to support American businesses creating next-generation technology and the jobs of tomorrow," said Jeff Williams, Apple's chief operating officer. "II-VI shares our commitment to push the boundaries of innovation and we're proud to be extending our work together across the country."

"The partnership between Apple and II-VI 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," said Dr. Vincent Mattera Jr., II-VI's CEO. "We are incredibly grateful for Apple's support which has allowed us to expand our manufacturing capacity and scale our operations across the US."

II-VI is a part of Apple's Clean Energy Program, which was designed to advance the use of renewable energy across the company's supply chain, and is already using 100 percent renewable energy across all of its Apple manufacturing in the US.

Apple's expanded partnership with II-VI is part of the company's plans to invest $430 billion and add 20,000 new jobs across the US over the next five years. Apple's contributions include working with more than 9,000 suppliers across the country who are supporting American job creation across dozens of sectors, including silicon engineering, 5G, and manufacturing.

To support world-class innovation and high-skilled manufacturing jobs across the US, Apple established its Advanced Manufacturing Fund in 2017. The $5 billion fund has supported a number of projects to date, including $450 million in awards to Corning Incorporated in Harrodsburg, Kentucky, which led to the creation of Ceramic Shield™, a new material that's tougher than any other smartphone glass.

Apple supports 2.7 million jobs across all 50 states through direct employment, spending with US suppliers and manufacturers, and the iOS app economy.

This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include without limitation those about Apple's plans for future investments and expansion. These statements involve risks and uncertainties, and actual results may differ. More information regarding potential risks and other factors that could affect Apple's financial results is included in Apple's filings with the SEC, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Apple's most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. Apple assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple's five software platforms — iOS, iPadOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple's more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.

NOTE TO EDITORS: For additional information visit Apple Newsroom ( www.apple.com/newsroom ), or call Apple's Media Helpline at (408) 974-2042.

© 2021 Apple Inc. All rights reserved. Apple, iPhone, Face ID, Memoji, Animoji, Ceramic Shield, and the Apple logo are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

Rachel Tulley
Apple
rachel_tulley@apple.com
408-974-0078

News Provided by Business Wire via QuoteMedia

The Conversation (0)

Apple extends its privacy leadership with new updates across its platforms

Private Cloud Compute sets a new standard for privacy in artificial intelligence

Apple® today announced new updates across its platforms that help empower users and keep them in control of their data. Private Cloud Compute extends the industry-leading protections of iPhone® to the cloud, so that users don't have to choose between powerful intelligence grounded in their personal context and strong privacy protections. Apple also raised the bar for privacy with new features, such as locked and hidden apps, aimed at helping users protect sensitive areas of their phones. Apple introduced additional features designed with privacy and security in mind, including categorization in Mail, Messages via satellite, and presenter preview.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Apple empowers developers and fuels innovation with new tools and resources

Enhancements to Xcode and Swift, combined with new APIs, offer developers expanded capabilities for creating high-quality apps

Apple® today unveiled a suite of innovative new tools and resources designed to enable developers worldwide to create more powerful and efficient apps across all Apple platforms. With Xcode® 16, developers can save time in their development process and get more done thanks to features like Swift® Assist and predictive code completion. New and expanded APIs give developers the tools to advance their apps and introduce exciting features.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

macOS Sequoia takes productivity and intelligence on Mac to new heights

The Mac experience gets better than ever with iPhone Mirroring, big updates to Safari, highly anticipated games, and Apple Intelligence to deliver all-new capabilities

Apple® today previewed macOS® Sequoia, the next version of the world's most advanced desktop operating system, bringing entirely new ways of working and transformative intelligence features to Mac®. macOS Sequoia is full of exciting new capabilities, including iPhone® Mirroring, which expands Continuity by enabling full access to and control of iPhone directly from macOS. Safari® gets another big update with the new Highlights feature for effortless information discovery on webpages while browsing. The new Passwords app makes it even easier to access passwords and organize credentials all in one place. Gaming advances with a more immersive experience, as well as a breadth of new titles, including Assassin's Creed Shadows, Frostpunk 2, and more.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

iOS 18 makes iPhone more personal, capable, and intelligent than ever

The release introduces all-new customization options, the biggest-ever redesign of Photos, powerful updates for staying connected, and Apple Intelligence, the personal intelligence system

Apple® today previewed iOS 18, a major release that features more customization options, the biggest redesign ever of the Photos app, new ways for users to manage their inbox in Mail, Messages over satellite, and so much more. Users will be able to arrange apps and widgets in any open space on the Home Screen, customize the buttons at the bottom of the Lock Screen, and quickly access more controls in Control Center. Photo libraries are automatically organized in a new single view in Photos, and helpful new collections keep favorites easily accessible. Mail simplifies the inbox by sorting email into categories using on-device intelligence, and all-new text effects come to iMessage®. Powered by the same groundbreaking technology as existing iPhone® satellite capabilities, users can now communicate over satellite in the Messages app when a cellular or Wi-Fi connection isn't available. 1

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Introducing Apple Intelligence, the personal intelligence system that puts powerful generative models at the core of iPhone, iPad, and Mac

Setting a new standard for privacy in AI, Apple Intelligence understands personal context to deliver intelligence that is helpful and relevant

Apple® today introduced Apple Intelligence ™, the personal intelligence system for iPhone®, iPad®, and Mac® that combines the power of generative models with personal context to deliver intelligence that's incredibly useful and relevant. Apple Intelligence is deeply integrated into iOS 18, iPadOS® 18, and macOS® Sequoia. It harnesses the power of Apple silicon to understand and create language and images, take action across apps, and draw from personal context to simplify and accelerate everyday tasks. With Private Cloud Compute, Apple sets a new standard for privacy in AI, with the ability to flex and scale computational capacity between on-device processing and larger, server-based models that run on dedicated Apple silicon servers.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

iPadOS 18 introduces powerful new intelligence features and apps designed for Apple Pencil

iPadOS 18 takes iPad to the next level with Apple Intelligence, the introduction of Calculator with Math Notes, new handwriting tools in Notes, additional ways to customize iPad, and more

Apple ® today previewed iPadOS ® 18, a major release that enhances the iPad ® experience, making it more versatile and intelligent than ever. With iPadOS 18, Calculator comes to iPad with Math Notes, along with new handwriting tools in Notes — all designed for Apple Pencil ® . iPad users now have more ways to customize the Home Screen and Control Center, and with iPadOS 18, users receive the biggest redesign of the Photos app to date and new ways to express themselves in Messages.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×