Apple To Invest $390 Million In Laser Sensor Supplier Finisar

Consumer electronics giant Apple (AAPL) on Wednesday announced a $390 million investment in Finisar (FNSR), the second company to receive funding from Apple's $1 billion Advanced Manufacturing Fund.

Apple said the deal with Finisar, a maker of optical communications components, is part of its commitment to support U.S. manufacturing jobs and innovation. In May, Apple awarded $200 million to Corning (GLW) to support that company's state-of-the-art glass processing and research and...

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