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ams-Osram sells part of its business to a Chinese company

ams-Osram sells part of its business to a Chinese company

ams-Osram is selling part of its passive optical components business to China after halting MicroLED development. Focuslight Technologies has acquired the business for €45 million, ams-Osram announced on Tuesday. The deal should be completed in the third quarter. The business of optical components for consumer applications will not be sold, it said.

“We promised that one of the key elements of our strategic efficiency program ‘Rebuilding the Base’ is to exit the non-core portfolio of our semiconductor business. We are delivering on this promise one step further,” says Ams Osram President Aldo Camper.

Job cuts, but not in Briemstatten

The company recently scaled back MicroLED development and cut hundreds of jobs after its only customer disappeared. The costs incurred in this case led to a net loss of 710 million euros in the first quarter. The decline in employment occurred primarily in Kulim (Malaysia) and Regensburg. The headquarters in Premstatn, Styria was not affected.

“At Premstätten, the focus is on sensor technologies, and there is no development or production of MicroLED here, so the site is not affected by the discontinuation of the project,” a company spokesperson told the Kleine Zeitung newspaper at the end of February.

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