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Alex Webb

Behind iPhone Face ID Is a Battle Over Costs

The $3.2 billion acquisition of Finisar by II-VI tries to give more negotiating power to suppliers.

The look of consolidation.

The look of consolidation.

Photographer: Elijah Nouvelage/AFP/Getty Images

The $3.2 billion acquisition of Finisar Corp. by II-VI Inc. (pronounced “two-six”) is really about one thing: how much it costs Apple Inc. to build iPhones with Face ID.

After the first whispers emerged in 2016 that Apple was considering facial recognition technology for the iPhone, the stocks of 3-D sensor makers surged inside a few months.