Apple pours cash into Finisar, which makes facial recognition tech

Apple Inc. has made its second notable investment this week -- this time in facial recognition technology company Finisar Corp. The $390-million investment announced Wednesday comes from Apple's $1-billion Advanced Manufacturing Fund, created to finance the work of domestic manufacturers and create jobs in the U.S. Apple announced the creation of the fund in May and plowed $200 million into Corning Inc., the maker of the Gorilla Glass, which is used in Apple's touchscreens. 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. Finisar -- which is based in Sunnyvale, Calif. The company runs a plant in Allen, just outside of Dallas.