Finisar to Expand 3D VCSEL Production Capacity with its new Sherman, Texas Facility
July 02 2018 - 5:00AM
Finisar (NASDAQ:FNSR), a world leader in 3D Sensing VCSEL (Vertical
Cavity Surface Emitting Laser) technology, today announced an
upcoming ribbon-cutting ceremony to celebrate its new manufacturing
facility in Sherman, Texas. Finisar will use the site to increase
production capacity of its VCSELs and related 3D Sensing
technologies, used in a wide range of applications. The
ribbon-cutting event will be held on Monday, July 9th with speakers
from Finisar’s executive management team, including CEO Michael
Hurlston, as well as local community leaders.
Finisar has been working diligently to prepare the site for
operations. The building, formerly owned by MEMC and SunEdison, has
been under renovation since December 2017 and is on target to
commence production by the end of this calendar year. It is
currently certified as clean room operational and the first
production tooling has been installed and qualified. The company
has hired nearly 200 employees, including the operations and
support staff necessary to begin production. Finisar expects to
expand hiring further later this year to support the anticipated
ramp to high volume production.
“Finisar is excited to unveil this new state-of-the-art facility
which will expand critical production capacity of our VCSEL
products needed to support customer requirements,” said Michael
Hurlston, Finisar’s CEO. “We are also pleased to create hundreds of
manufacturing jobs in the US and to hire talent from the local area
as we work together to make Sherman the VCSEL Capital of the
World.”
Originally used by Finisar in its optical communication
products, VCSEL technology is extending the possibilities of
consumer and scientific applications including 3D facial
recognition, augmented reality, automotive in-cabin sensing and
automotive LIDAR. Finisar’s rich history and expertise in this
technology spans more than two decades of engineering research,
development, design and manufacturing experience. Finisar has
produced more than 300 million VCSEL die over its history.
For more information about Finisar’s upcoming event, contact
press@finisar.com.
About FinisarFinisar Corporation (NASDAQ:FNSR)
is a global technology leader in optical communications, providing
components and subsystems to networking equipment manufacturers,
data center operators, telecom service providers, consumer
electronics and automotive companies. Founded in 1988,
Finisar designs products that meet the increasing demands for
network bandwidth, data storage and 3D sensing subsystems. The
company is headquartered in Sunnyvale, California, USA with
R&D, manufacturing sites, and sales offices worldwide. Visit
our website at www.finisar.com.
Press contact: Victoria McDonald, Director, Corporate
Communications
(press@finisar.com)
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