Coherent Signs Multiyear Deal With Apple To Supply Face ID Laser Tech For iPhones And iPads

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Coherent Corp. +4.18%

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Coherent Corp.

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Coherent Corp. (NYSE:COHR), a global leader in photonics, announced that it has entered a new multiyear strategic supply agreement with Apple, expanding their long-standing partnership. Under the new agreement, Coherent will continue to produce vertical-cavity surface-emitting lasers (VCSELs) that enable key features such as Face ID on iPhone and iPad devices shipped around the world. This critical work is conducted at Coherent's state-of-the-art manufacturing facility in Sherman, Texas.