Coherent Expands Multiyear VCSEL Supply to Apple

Coherent Corp. has solidified and expanded its long-standing partnership with Apple through a new multiyear strategic supply agreement to produce vertical-cavity surface-emitting lasers (VCSELs). These lasers are critical components that enable biometric features like Face ID on iPhone and iPad devices. The production will take place at Coherent's advanced manufacturing facility in Sherman, Texas, which utilizes state-of-the-art semiconductor epitaxy and fabrication technologies. Coherent's CEO highlighted the importance of this agreement in advancing industry technology and praised the Sherman site’s role in powering Apple’s innovations. Apple’s COO emphasized that this collaboration supports the company’s $600 billion American Manufacturing Program aimed at creating jobs and boosting U.S. manufacturing over the next four years. Investors have reacted positively to this announcement, driving Coherent’s stock upward amid increased confidence in the company’s future growth and market presence.