Finisar ready to begin VCSEL production at Sherman facility
After six months of work preparing the former MEMC building, Finisar Corp.’s Sherman facility is ready to begin production.Finisar held a ribbon cutting ceremony Monday for its new facility featuring company executives and local officials, including Grayson County Judge Bill Magers, Sherman Mayor David Plyler, Sherman Economic Development Corp.
Finisar: Sherman to be ‘VCSEL capital of world’
Editor’s note: This article has been updated with additional information from Finisar’s financial earnings call for the final quarter of the 2017-2018 fiscal year. Finisar Corp. announced Monday that its Sherman facility is expected to begin production on vertical-cavity surface-emitting lasers for Apple’s iPhone line of products by the end of the year.
Finisar has been given no local incentives, yet
When Finisar Corp. announced last month that it would begin producing vertical-cavity surface-emitting lasers for Apple at its new Sherman facility later this year, it did so without any local incentives in place. Of course, it had been awarded $390 million by Apple to increase the development and production of VCSEL arrays, but it had no formal agreements in place with any local entities.Sherman Economic Development Corp.
