Apple Awards an Additional $410 Million from its Advanced Manufacturing Fund to II-VI
May 05 2021 - 8:00AM
Business Wire
Apple and II-VI’s collaboration will support more than 700
manufacturing jobs across the US
Apple® today announced a new $410 million award from its
Advanced Manufacturing Fund for II-VI, a leading manufacturer of
optical technology. Today's award builds on an initial $390 million
awarded from Apple’s Advanced Manufacturing Fund in 2017. The
expansion of the company’s long-standing relationship will create
additional capacity and accelerate delivery of future components
for iPhone®, with 700 jobs in Sherman, Texas; Warren, New Jersey;
Easton, Pennsylvania; and Champaign, Illinois.
II-VI manufactures vertical-cavity surface-emitting lasers
(VCSELs) that help power Face ID®, Memoji™, Animoji®, and Portrait
mode selfies. Apple also works with II-VI to manufacture lasers
used in the LiDAR Scanner — technology that helps deliver faster,
more realistic augmented reality experiences and improves autofocus
in low-light scenes in photos and videos.
Apple began working with II-VI in Sherman, Texas, in 2017 as
part of the company’s Advanced Manufacturing Fund, which helped
transform a long-shuttered, 700,000-square-foot building into a
high-tech manufacturing facility and created hundreds of local
jobs. Through close collaboration with Apple engineering and
operations teams, the company has rapidly increased production in
the past year to enable record shipments from the Sherman
facility.
“We established Apple’s Advanced Manufacturing Fund to support
American businesses creating next-generation technology and the
jobs of tomorrow,” said Jeff Williams, Apple’s chief operating
officer. “II-VI shares our commitment to push the boundaries of
innovation and we’re proud to be extending our work together across
the country.”
“The partnership between Apple and II-VI sets the stage for a
new wave of breakthrough technologies that we believe will enable a
wide range of applications that will benefit our world for decades
to come,” said Dr. Vincent Mattera Jr., II-VI’s CEO. “We are
incredibly grateful for Apple’s support which has allowed us to
expand our manufacturing capacity and scale our operations across
the US.”
II-VI is a part of Apple’s Clean Energy Program, which was
designed to advance the use of renewable energy across the
company’s supply chain, and is already using 100 percent renewable
energy across all of its Apple manufacturing in the US.
Apple’s expanded partnership with II-VI is part of the company’s
plans to invest $430 billion and add 20,000 new jobs across the US
over the next five years. Apple’s contributions include working
with more than 9,000 suppliers across the country who are
supporting American job creation across dozens of sectors,
including silicon engineering, 5G, and manufacturing.
To support world-class innovation and high-skilled manufacturing
jobs across the US, Apple established its Advanced Manufacturing
Fund in 2017. The $5 billion fund has supported a number of
projects to date, including $450 million in awards to Corning
Incorporated in Harrodsburg, Kentucky, which led to the creation of
Ceramic Shield™, a new material that’s tougher than any other
smartphone glass.
Apple supports 2.7 million jobs across all 50 states through
direct employment, spending with US suppliers and manufacturers,
and the iOS app economy.
This press release contains forward-looking statements, within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements include without limitation
those about Apple’s plans for future investments and expansion.
These statements involve risks and uncertainties, and actual
results may differ. More information regarding potential risks and
other factors that could affect Apple’s financial results is
included in Apple’s filings with the SEC, including in the “Risk
Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” sections of Apple’s most
recently filed periodic reports on Form 10-K and Form 10-Q and
subsequent filings. Apple assumes no obligation to update any
forward-looking statements or information, which speak as of their
respective dates.
Apple revolutionized personal technology with the introduction
of the Macintosh in 1984. Today, Apple leads the world in
innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV.
Apple’s five software platforms — iOS, iPadOS, macOS, watchOS, and
tvOS — provide seamless experiences across all Apple devices and
empower people with breakthrough services including the App Store,
Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000
employees are dedicated to making the best products on earth, and
to leaving the world better than we found it.
NOTE TO EDITORS: For additional information visit Apple Newsroom
(www.apple.com/newsroom), or call Apple’s Media Helpline at (408)
974-2042.
© 2021 Apple Inc. All rights reserved. Apple, iPhone, Face ID,
Memoji, Animoji, Ceramic Shield, and the Apple logo are trademarks
of Apple. Other company and product names may be trademarks of
their respective owners.
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