AMS-Osram ready to ramp microLED production in 2024
AMS-Osram is on course to ramp microLED production in 2024, according to CEO Alexander Everke, speaking in a recent conference call.
The company has also taken a “substantial” prepayment for supplies from a microLED it was said in the same analyst’s call organized to discuss 3Q22 financial results.
One obvious candidate would be one of the smartphone manufacturers looking to introduce microLED displays on its products.
Everke said he regards microLED as one of AMS-Osram’s key initiatives and a technology in which the company is “clearly leading.” That’s the reason why we are also the first and only one building an 8-inch very differentiated manufacturing capability in Malaysia.
AMS-Osram announced it was building a fab to make LEDs on 200mm-diameter wafers in Kulim, Malaysia, in 2021. Everke added: “The manufacturing side are just building up in Malaysia, we’ll be able to ramp production in the year 2024. And we see more and more traction and interest in multiple areas of applications, which goes from not only consumer space but also automotive space, TV opportunities.
AMS-Osram achieved an adjusted net profit of €47 million in 3Q22 on sales revenue of €1.21 billion. The sales revenue was down 6 percent year-on-year, partly due to disposals. As part of cost reduction program AMS-Osram reduced its capital expenditure program, excluding its LED wafer fab in Malaysis. Total expected capital expenditures for full year 2022 have been reduced from €1 billion to €600 million.
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