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MANUFACTURING | Staff Reporter, Hong Kong
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Apple supplier AMS eyes secondary listing in Hong Kong

The Swiss-listed chipmaker saw its profits balloon after it supplied the optical sensors for Apple’s iPhone X.

Reuters reports that Swiss-listed semiconductor manufacturer AMS is eyeing a secondary listing in Hong Kong over the next 12 months. 

AMS saw its profits balloon to over US$174.6m (141.1m Euros) after it supplied the optical sensors for Apple’s iPhone X which debuted facial recognition features in its popular phone series late last year. 

The chipmaker plans to diversify its portfolio beyond Apple as it announced that it has snagged a 3D sensing deal from an undisclosed Asian smartphone maker.

Here’s more from Reuters:
 

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