Apple has its investment shoes onCARL COURT/GETTY IMAGES Apple has been doing geals. Apple has made its second notable investment this week, the latest into the facial recognition technology company, Finisar. The $390 million investment announced Wednesday comes from Apple's US$1 billion Advanced Manufacturing Fund, created to finance the work of domestic manufacturers and create jobs in the US. The Finisar investment will help the company boost production of vertical-cavity surface-emitting lasers, which Apple uses for Face ID, Animoji and Portrait mode selfies with the iPhone X TrueDepth camera and the proximity-sensing capabilities of AirPods. The investment announced Wednesday is a huge lifeline for Finisar.

Source: Stuff December 13, 2017 14:37 UTC