“VCSELs power some of the most sophisticated technology we’ve ever developed and we’re thrilled to partner with Finisar over the next several years to push the boundaries of VCSEL technology and the applications they enable,” said Jeff Williams, Apple’s chief operating officer. “Technology is only as good as the people behind it, and Finisar is a company with a long history of putting its employees first and supporting the community it’s a part of. We’re extremely proud that our involvement will help transform another American community into a manufacturing powerhouse.”

Apple has committed to investing at least $1 billion with US-based companies as part of the fund, which is designed to foster innovative production and high-skill jobs that will help lay the foundation for a new era of technology-driven manufacturing in the US. In May, Apple announced Corning Incorporated had been awarded the first award from the fund — $200 million to support their R&D, capital equipment needs and state-of-the-art glass processing.