Coherent Corp. (COHR) has entered a new multiyear strategic supply agreement with Apple, expanding partnership. Under the new agreement, Coherent will continue to produce vertical-cavity surface-emitting lasers that enable key features such as Face ID on iPhone and iPad devices.
"With our new American Manufacturing Program, were proud to partner with companies like Coherent to create new jobs and bring even more manufacturing to America. This is part of our $600 billion commitment to the U.S. over the next four years," said Sabih Khan, Apple's chief operating officer.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.