Apple has made another investment with its Advanced Manufacturing Fund (AMF), awarding Finisar $390 million. Finisar is the company behind the iPhone X's Face ID, Animoji and Portrait mode for selfies -- all of which rely on vertical-cavity surface-emitting lasers (VCSEL). The investment means Finisar will set up shop in a 700,000 square-foot manufacturing facility in Texas in addition to expanding its research and development team. For its part, Apple has committed to buying ten times more VCSEL components in the latter part of its fiscal 2017 than "were previously manufactured worldwide over a similar time period," according to the tech juggernaut. While ambiguous, this gives a few hints that Apple is investing to meet demand for two of its newest products.

Apple has finally admitted it is investing'heavily' in building driverless cars Apple has finally admitted it is investing'heavily' in building driverless cars. Having made billions from bringing iPhones, iPods and iPads to the masses, the silicon valley giant is racing to bring self-driving cars to the roads. In a letter to US National Highway Traffic Safety Administration, the firm said it'was excited about the potential of automated systems in many areas, including transportation'. Senior executive Steve Kenner said the firm wanted to'help define best practices for the industry' and urged the regulator not to penalise firms testing driverless cars on public roads. In a statement, Apple added that Mr Kenner had written to the US regulator because it is'investing heavily in machine learning and autonomous systems'.

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