Apple’s Face ID supplier has been acquired for $3.2 billion

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VCSEL
The company that made Face ID possible has been snapped up.
Photo: Ste Smith/Cult of Mac

Finisar, supplier of the laser scanners used to enable Face ID in Apple’s latest iOS devices, has been acquired for a reported $3.2 billion.

II-VI Incorporated, a leading producer of optoelectronic systems, announced its purchase on Friday. It expects to close the deal, which is expected to generate $2.5 billion in annual revenue, in mid-2019 following regulatory approval.

Apple just made it a lot harder for rivals to compete on AR

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iPhone 8 Plus
Tim Cook thinks AR is going to be the next big thing in tech.
Photo: Ste Smith/Cult of Mac

Expecting Android device makers to rip off Apple’s augmented reality technology any time soon? Not so fast, a new report claims.

Apple’s $390 million payday to TrueDepth sensor maker Finisar this week will reportedly help lock out rival companies like Samsung and Huawei from competing with its augmented reality ambitions, by giving Apple first dibs on the necessary components.

Apple makes big investment in TrueDepth sensor maker

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TrueDepth Finisar
TrueDepth sensors in production at Finisar.
Photo: Apple

Apple has invested a substantial sum of cash in TrueDepth sensor maker Finisar.

The $390 million fund will allow for increased research and development spending, and high-volume production of vertical-cavity surface-emitting lasers (VCSELs). It will also allow Finisar to open a new production facility in Texas, creating more than 500 jobs.

iPhone 8 laser supplier hints device could launch in October

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The iPhone 8 won't be cheap.
The iPhone 8 might pack friggin' lasers!
Photo: iDropNews

The launch of the iPhone 8 may not happen until October of this year, based on the comments of one of Apple’s suppliers that is making a key component for the new device.

Apple allegedly plans to take its augmented reality tech to the next level by adding lasers to the iPhone 8. One of the companies that is likely supplying Apple with the parts, Finisar, dropped some details during its latest earnings call that hints when fans can finally expected to see the iPhone 8.