STMicroelectronics’ continued relationship with Apple came under question in March when the Franco-Italian company suffered a fire at its facility in France, which could have undermined its ability to meet supply demands. The company has reportedly signed a deal with Apple to supply the 3D camera sensor for its much-anticipated iPhone 8, due out later this year.

Bozotti said that he would not comment on specific customers, though he insisted that the business was also pursuing “certain important new projects” in the second part of the year, which would also facilitate its revenue drive.

STMicroelectronics was once the sole supplier of accelerometers, gyroscopes and motion sensors for iPhone, iPad and iPod touch devices before Apple switched to dual-sourcing.

Bozotti said that the business was adapting to changing demand and said that the company’s focus would remain on driving market-leading innovation.

“In any of these very competitive markets you need to be the best at the things that you do. What is crucial is making sure that innovation is there and when you have something to offer you have the best,” he noted.

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