(Reuters) - Austria-based electronic chip maker AMS AG (S:AMS) said on Monday its revenue for 2017 nearly doubled to a record 1.06 billion euros ($1.32 billion) and sharply increased its outlook, driven by strong demand for its sensors from smartphone customers such as Apple (O:AAPL).
The Swiss-listed company, which supplies optical sensors that help adjust the brightness and colours on phone screens, raised its compound annual revenue growth rate expectations for 2016-2019 to 60 percent from 40 percent.
AMS cited the steep increase in outlook to a range of revenue pipeline opportunities in smartphone and consumer applications.
($1 = 0.8057 euros)