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Valid only on your first 2 online payments. Cashback will be credited as Amazon Pay balance within 10 days from purchase. As expected, the smartphone market is experiencing multi-year development and implementation cycles for 3D sensing which are due to the complexity of the technology. This has, however, not impacted the clear 3D sensing focus ams observes at smartphone OEMs and ecosystem players targeting broad usage of the technology through the coming years.
Based on its leading portfolio of 3D sensing technologies, solutions and system know-how, ams addresses face-related and world-facing applications and is engaged in numerous OEM projects and discussions at various stages. This includes current design activities for a world-facing 3D sensing application for a major smartphone OEM. The announced 3D sensing design-wins for Chinese smartphone vendor Xiaomi and a further major Android smartphone OEM have both moved to production.
Based on advanced OEM discussions, ams expects active stereo vision 3D sensing built around ams technology in first smartphones next year. As a key provider of industrial sensing solutions to leading OEMs ams benefits from increasing sensor deployment in manufacturing, HABA, industrial IoT and other markets. Leveraging imaging and optical technologies ams enables high quality diagnostics and innovation in existing and emerging medical and personal health applications. Focusing on safety, driver assistance, position sensing, and chassis control ams sees ongoing attractive demand for its automotive solutions.
While ams pursues significant development efforts for the reported major program win in VCSEL illumination for solid-state LIDAR, industry interest in its automotive sensing technologies continues to broaden particularly in Asia and Japan.
To support its range of production needs ams implemented additional manufacturing investments into its Singapore facilities in the quarter which included equipment for the internal VCSEL production line. The construction of its internal high power VCSEL capacity for consumer applications is progressing to plan with production ramp scheduled to start around the middle of next year. In operations, ams is successfully realizing the current high volume production ramps in 3D, optical and other sensing as shown by the strong revenue growth in the quarter.
Following further analysis ams has decided to retain these existing production capacities to support its future growth plans. Updating on its strategic assessment, ams has on the one hand evaluated a meaningful acquisition opportunity over the last months but has decided not to pursue this opportunity.
On the other hand and looking further ahead, ams sees optical sensing technologies supporting an even broader spectrum of applications with significant growth potential for ams, including areas such as audio sensing. At the same time, ams recognizes that upcoming optical sensing opportunities offer a larger size revenue opportunity and higher growth prospects when compared to certain envisaged environmental sensing applications. This includes new areas of innovation such as photonic elements and photoacoustic structures.
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