AAC Technologies Holdings, a major supplier of miniature electronics components to tech firms like Apple posted record interim profit and revenue on the back of advanced hardware upgrades being undertaken by global smartphone players. Total interim revenue rose 55 per cent to a record 8.6 billion yuan, compared with 5.6 billion yuan a year earlier, on strong sales at both its acoustic and non-acoustic component business segments.

The acoustics business of ACC represents so-called dynamic components, which are the components that actively produce sound. These include miniature speaker modules, speakers and receivers used in the iPhone, iPad and Apple Watch.

Its non-acoustic business includes radio frequency mechanical products that combine antennas with metal casing solutions, as well as proprietary haptics vibrators used in those same three Apple products.

Haptics refers to the technology used in mobile phones, tablets and smartwatches that enable a user to feel a tactile sensation when interacting with an application.

AAC chairman Koh Boon Hwee stated that "We expect the optics business to become our next significant growth driver. After years of research and development, and building our intellectual property portfolios, the company has established research and manufacturing platforms for proprietary optics technology, covering design, precision mold manufacturing to assembly processes."

The company currently produces its optical lens sets at two factories in Suzhou, a city located in southeastern Jiangsu province.

Following the completion of a new manufacturing plant in Changzhou in the same province, AAC can potentially install total monthly capacity of 90 million to 100 million lens sets by the end of next year, according to Huatai research analyst Ken Hui.

He pointed out that Apple has already qualified a glass-and-plastic hybrid lens solution from AAC for its upcoming new iPhones.

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