APPLE INSIDER
Apple is continuing to refine its work on light sensors that could work through a display, likely for use in a future version of Face ID or Touch ID on an iPhone.

Current iPhone models, like the iPhone 12 and iPhone 12 Pro series, house their Face ID system and sensor suite in a notch at the top of the display. Apple, however, is working on a system that could ultimately allow it to minimize or nix the notch entirely.
Source: APPLE INSIDER