Sensor maker AMS gives upbeat outlook, shares up 22%

VIENNA (Reuters) - Shares in sensor producer AMS jumped 22% after the Apple supplier gave an upbeat forecast for the current quarter and the remainder of the year, soothing investors who fear a slump in smartphone demand due to the coronavirus crisis.AMS, which is in the process of taking over the leading car headlight producer Osram to diversify into the auto business, said demand from smartphone makers continued to be strong despite the pandemic. It forecast a profit (EBIT) margin of 17-20%..