Shares in AMS AG soared 20% on Monday after the Austrian chip company reported record full-year revenue of 1.06 billion euros ($1.32 billion) and raised its revenue forecast for 2016-2019 to compound annual growth of 60%. AMS, whose sensor technology helps power the Apple iPhone X’s facial-recognition feature, had been hit with an analyst downgrade last week tied to worries about weaker-than-expected iPhone X demand.
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