Hamburg-based automotive LiDAR specialist Ibeo Automotive Systems GmbH has formed a strategic partnership with AAC Technologies. AAC will also become a shareholder of Ibeo alongside the founders and ZF Friedrichshafen AG.
AAC Technologies (AACAY) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Xiaomi's Redmi K40 Gaming Edition is the first mobile phone in the world to incorporate a Wafer Level Glass (WLG) hybrid camera lens. The K40 Gaming Edition was officially launched on April 27th, 2021. The hybrid camera lens solution includes 1 glass + 5 plastic lens elements provided by AAC Optics, a subsidiary of AAC Technologies. AAC Optics made their initial investment into WLG 10 years ago and has subsequently developed patented expertise to enable high volume production of Wafer Level Glass (WLG) technology into the Smartphone, Automotive, and IOT (Internet of Things) markets.