Coherent (COHR) announced that it has entered a new multiyear strategic supply agreement with Apple (AAPL), 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 agreement is a testament to the strength of our partnership with Apple and our shared commitment to drive the industry’s technology roadmap with leading scale, breadth of capabilities, and depth of innovative solutions,” said Jim Anderson, CEO of Coherent. “We’re proud that our Sherman facility plays such an important role in producing the laser components that power some of Apple’s most iconic innovations.”
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