Apple announced yesterday that US optical components manufacturer Finisar (NASDAQ: FNSR) will receive $390m from its Advanced Manufacturing Fund. The award will be used to increase Finisar’s R&D spending and high-volume production of VCSELs. We had always expected Apple to dual source VCSEL components when possible, so we see the fundamental IQE investment case as unchanged on the back of the investment, however we are highly encouraged by the accompanying commentary on Apple’s Q4’17 VCSEL volum ....
14 Dec 2017
N+1 Singer - IQE - Apple investment in VCSELs highlights upgrade potential
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N+1 Singer - IQE - Apple investment in VCSELs highlights upgrade potential
IQE plc (IQE:LON) | 26.6 -0.2 (-2.7%) | Mkt Cap: 256.3m
- Published:
14 Dec 2017 -
Author:
Oliver Knott -
Pages:
3
Apple announced yesterday that US optical components manufacturer Finisar (NASDAQ: FNSR) will receive $390m from its Advanced Manufacturing Fund. The award will be used to increase Finisar’s R&D spending and high-volume production of VCSELs. We had always expected Apple to dual source VCSEL components when possible, so we see the fundamental IQE investment case as unchanged on the back of the investment, however we are highly encouraged by the accompanying commentary on Apple’s Q4’17 VCSEL volum ....