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Coherent and Apple Expand Strategic Partnership With New Multiyear VCSEL Agreement in Texas

1. Coherent announces a multiyear supply agreement with Apple, enhancing collaboration. 2. The agreement involves producing VCSELs for Face ID technology in Apple devices. 3. Coherent's Sherman facility plays a key role in advanced manufacturing for Apple. 4. Apple’s $600 billion investment supports U.S. manufacturing and job creation. 5. The deal underscores Coherent's position in the photonics industry driving innovation.

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FAQ

Why Bullish?

A strategic deal with Apple enhances COHR’s revenue prospects and market positioning.

How important is it?

The strategic partnership with Apple signals strong future revenue potential for COHR.

Why Long Term?

The agreement secures steady revenue and strengthens ties with a major client like Apple.

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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 $600 billion commitment to the U.S. over the next four years, and we couldn’t be more excited about the future of American innovation.” 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 

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