Coherent and Apple Expand Strategic Partnership With New Multiyear VCSEL Agreement in Texas
Rhea-AI Summary
Coherent (NYSE:COHR) has secured a new multiyear strategic supply agreement with Apple to continue producing vertical-cavity surface-emitting lasers (VCSELs) for Face ID technology in iPhone and iPad devices. The manufacturing will take place at Coherent's advanced facility in Sherman, Texas.
The partnership is part of Apple's American Manufacturing Program and their $600 billion commitment to U.S. investment over the next four years. The Sherman facility features state-of-the-art 6-inch wafer compound semiconductor manufacturing capabilities for next-generation optoelectronic applications.
Positive
- Secured multiyear strategic agreement with Apple, a major tech customer
- Part of Apple's $600 billion U.S. investment commitment
- Manufacturing partnership ensures stable long-term revenue stream
- Validates Coherent's technological capabilities and manufacturing excellence
Negative
- None.
News Market Reaction
On the day this news was published, COHR gained 6.22%, reflecting a notable positive market reaction. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $1.03B to the company's valuation, bringing the market cap to $17.62B at that time.
Data tracked by StockTitan Argus on the day of publication.
SAXONBURG, Pa., Aug. 07, 2025 (GLOBE NEWSWIRE) -- 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.
“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.”
“With our new American Manufacturing Program, we’re proud to partner with companies like Coherent to create new jobs and bring even more manufacturing to America,” said Sabih Khan, Apple’s chief operating officer. “This is part of our
Coherent’s Sherman site in Texas hosts state-of-the-art 6-inch wafer compound semiconductor epitaxy, fabrication, and device manufacturing platforms for next-generation optoelectronic applications.
About Coherent
Coherent is the global photonics leader. We harness photons to drive innovation. Industry leaders in the datacenter, communications, and industrial markets rely on Coherent’s world-leading technology to fuel their own innovation and growth.
Founded in 1971 and operating in more than 20 countries, Coherent brings the industry’s broadest, deepest technology stack; unmatched supply chain resilience; and global scale to help its customers solve their toughest technology challenges. Visit us at coherent.com.
Media Contact:
innovations@coherent.com
FAQ
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