Dec
19
Apple Manufacturing Fund Awards $390M in Texas
ByFinisar received the financing from the tech giant’s new $1 billion fund for the redevelopment of a 700,000-square-foot manufacturing plant in Sherman, where the optical communications components provider will produce high-tech vertical-cavity surface-emitting lasers.
Apple Inc. has given a second award from its Advanced Manufacturing Fund, and the winner is Finisar—and the City of Sherman, Texas. The optical communications components provider will receive $390 million from the $1 billion fund for the transformation of a 700,000-square-foot manufacturing plant into a production hub for high-tech vertical-cavity surface-emitting lasers, and a source of 500 new high-skill jobs…
