Apple formally acknowledges Cirrus Logic as supplier in historic shift.

Apple formally acknowledges Cirrus Logic as supplier in historic shift. Cirrus Logic secured a major design win for advanced integrated circuits powering Face ID technology, with an estimated average selling price of approximately two dollars per iPhone unit. This marks the first time Apple has publicly recognized Cirrus Logic as an official supplier, representing a significant validation of the partnership and alleviating previous design-out risks. The new Face ID IC is expected to begin ramping in 2028 to 2029, with full implementation potentially adding twenty to sixty dollars per share in long-term value. This announcement solidifies Cirrus Logic's strategic importance to Apple and supports higher valuation multiples for the semiconductor company.