Finisar Clarifies Apple Business Deal For Manufacturing Ramp-Up

Finisar (FNSR) stock slipped on Thursday after the optical device maker in a regulatory filing clarified that Apple (AAPL) has not made an investment in the company and that $390 million in funding for a new manufacturing plant represents "anticipated future business."

X Finisar stock soared nearly 23% on Wednesday after Apple announced it was providing funding for a new manufacturing plant in Sherman, Texas, expected to make parts used in 3D sensors for the iPhone X. Apple said it was...

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