“Apple Inc. spends billions of dollars per year to tool up its manufacturing partners,” Dan Gallagher reports for The Wall Street Journal. “Still, $390 million may go further than many think.”

“That is how much the world’s most valuable company awarded Finisar Wednesday out of its ‘advanced manufacturing fund,'” Gallagher reports. “Apple created the $1 billion fund earlier this year to invest in U.S.-based manufacturing operations, not coincidentally after President Donald Trump spent his campaign lambasting the company for not building more of its products domestically.”

“In this case, it helps when politics combine with the law of supply and demand. Silicon Valley-based Finisar makes vertical-cavity surface-emitting lasers, or VCSELs. These are key components in the types of 3-D sensing arrays that Apple uses in its iPhone X,” Gallagher reports. ” Investing in the Finisar plant located in Sherman, Texas, should help accomplish this aim and score the company some political points in the process…”

Read more in the full article here.

MacDailyNews Take: This investment and, in fact, Apple’s entire Advanced Manufacturing Fund, is a smart move that works on multiple levels.

SEE ALSO:
Apple is backing up iPhone X’s Face ID and AirPods with American jobs – December 13, 2017
How Apple and Finisar are transforming the future of Sherman, Texas – December 13, 2017
Apple awards $390 million to VCSEL-maker Finisar; award will create 500 high-skill jobs at Sherman, Texas facility – December 13, 2017
Apple awards Corning $200 million in first Advanced Manufacturing Fund investment – May 12, 2017
Apple’s billion-dollar advanced manufacturing investment is a blueprint for U.S. job growth – May 4, 2017
Apple: We are one of the biggest job creators in the U.S., responsible for two million jobs in all 50 states – May 4, 2017
Apple to invest $1 billion to promote manufacturing jobs in the U.S. – May 4, 2017
Apple’s top manufacturing partner to meet with U.S. President Trump today – April 27, 2017
Apple could help Westinghouse in completing new nuclear plants – April 17, 2017
Apple supplier Sharp may begin building $7 billion U.S. plant in within months as Japan PM meets President Trump – February 8, 2017
Foxconn-Sharp considering LCD plant in USA, plans in response to President-elect Trump’s ‘Make in America’ call – January 13, 2017
With President Trump soon to take office, Apple looks to boost its ‘Made in America’ credentials – January 10, 2017
Make America Insanely Great Again: Apple seeks to expand Made in USA manufacturing – January 9, 2017
Apple invests $1 billion in SoftBank’s massive tech fund; may help company get in President Trump’s good graces – January 4, 2017
Softbank to invest $50 billion in the U.S., create 50,000 new tech jobs after meeting with President-elect Trump – and Apple supplier Foxconn is in on the deal – December 6, 2016
President-elect Trump invites tech leaders to roundtable in Manhattan next week – December 6, 2016
President-elect Trump tells Apple CEO Tim Cook that he’d like to see Apple make products in the U.S. – November 23, 2016
President-elect Trump says Apple CEO Tim Cook called him after election victory – November 22, 2016
Apple could make iPhones in the U.S.A. under President Trump, sources say – November 17, 2016