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Restructures microLED development and works on exiting 8-inch-wafer factory SLB, accelerating path to positive free cash flow.
May 1, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
ams OSRAM delivered solid Q1 revenues of €847 million, adjusted EBIT margin of 5.2%, restructured microLED development, works on exiting 8-inch factory SLB,and is on track for positive FCF (after interest) in 2025. “The industry dynamics in our LED markets have changed with cancellation of the microLED cornerstone project,” said Aldo Kamper, CEO of ams OSRAM. “We adjust our strategy accordingly and continue to strengthen investments in the soon biggest LED market segment – automotive – which ...
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