EQS-News: ams-OSRAM AG: Malaysian Investment Development Authority (MIDA) and ams OSRAM continue mutual support for advanced LED manufacturing in Malaysia

EQS-News: ams-OSRAM AG / Key word(s): Alliance
   ams-OSRAM AG: Malaysian Investment Development Authority (MIDA) and ams
   OSRAM continue mutual support for advanced LED manufacturing in Malaysia

   11.09.2023 / 09:36 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Malaysian Investment Development Authority (MIDA) and ams OSRAM continue
   mutual support for advanced LED manufacturing in Malaysia

     • Through a Collaborative Agreement, MIDA demonstrates significant
       support for ams OSRAM in Malaysia.

     • ams OSRAM continues the already announced strong investment into the
       design, development, and manufacture of wafer fabrication using 8-inch
       microLED wafers, which is under construction at Kulim Hi-Tech Park in
       Kedah

     • The cooperation between MIDA and ams OSRAM solidifies additional
       employment opportunities for Malaysians in the science and technical
       field for the region.
     • ams OSRAM has been present in Malaysia for over 50 years, with a
       strong manufacturing base, research and development activities, sales
       and marketing functions, global business center and IT service
       centers.

   Premstaetten, Austria and Malaysia (September 11, 2023) -- [1]ams OSRAM
   (SIX: AMS), a global leader in intelligent sensing and emitting, and the
   Malaysian Investment Development Authority (MIDA) announce mutual support
   for the continued investment and expansion in Malaysia. Through a
   Collaborative Agreement, MIDA demonstrates significant support for ams
   OSRAM’s initiatives in Malaysia.

    

   In 2022 ams OSRAM announced an approximately EUR 1 Bn global investment in
   manufacturing and R&D facilities and activities for state-of-the-art
   emitting technology for LED and microLED. As a testament to their
   commitment to Malaysia, ams OSRAM embarked on the construction of its
   first state-of-the-art and fully-automated 8-inch microLED manufacturing
   facility in Kulim, Malaysia, making the company the world’s pioneer in
   this arena. This facility broke ground in 2022 and the build-out and
   installation is progressing as planned.

    

   Recently, in August, high level officials from the Ministry of Investment,
   Trade and Industry (MITI) and MIDA visited CEO Aldo Kamper at the ams
   OSRAM headquarters in Premstaetten, to understand the technology
   development approaches and the construction progress on the first
   fully-automated 8-inch microLED manufacturing facility for mass production
   in Kulim, Malaysia. Datuk Seri Isham Ishak, Secretary General, Ministry of
   Investment, Trade and Industry Malaysia (MITI) and Datuk Wira Arham Abdul
   Rahman, Chief Executive Officer, Malaysian Investment Development
   Authority (MIDA) accompanied by government officials visited ams OSRAM.

    

   The Collaborative Agreement between MIDA and ams OSRAM solidifies the
   investment in Malaysia and a substantial number of additional employment
   opportunities for Malaysians in the science and technical field for the
   region. It also facilitates and supports ams OSRAM to carry out innovation
   programs in the field of technology. With the support of MIDA, ams OSRAM
   will continue to closely collaborate with local public research
   institutes, universities, colleges, and vendor development programs to
   advance technologies and implement use cases for Industry 4.0.

    

   Datuk Seri Isham Ishak, Secretary General of MITI, expressed gratitude to
   ams OSRAM for its vote of confidence in Malaysia, stating, “ams OSRAM's
   investment stands as a testament to the excellent economic partnership
   between Germany and Malaysia. We deeply appreciate the trust investors
   place in us. Malaysia’s aspiration is to become a global hub for business,
   innovation, and talent in advanced manufacturing aligning with our
   recently launched New Industrial Master Plan (NIMP2030). Given the rapid
   pace of change in the electronics industry, we must continuously introduce
   new initiatives.  MITI and MIDA are actively targeting more wafer
   fabrication players and their supply chains to consider Malaysia as a
   viable site for production. We will continue collaborating with firms like
   ams OSRAM to achieve mutually beneficial outcomes.”

    

   Echoing these sentiments, Datuk Wira Arham Abdul Rahman, CEO of MIDA,
   remarked, "MIDA eagerly anticipates collaborating with ams OSRAM to
   harness Malaysia's capabilities as a strategic supply chain hub, catering
   to the global market's industrial needs. OSRAM's new facility aligns
   perfectly with the type of investment Malaysia aims to attract and anchor:
   highly sophisticated manufacturing at the cutting edge of technology,
   positioning us at critical nodes in global supply chains. ams OSRAM's
   investment not only aids us in achieving economic growth and creating
   quality jobs but also fortifies Malaysia's R&D ecosystem. This translates
   to more job opportunities for local talents, spanning engineers, managers,
   technicians, and researchers, benefitting Malaysians across the board.
   MIDA looks forward to a strengthened partnership with ams OSRAM in the
   years ahead."

    

   “Enabled by the Collaborative Agreement with MITI and MIDA and our own
   announced investment, we are able to continue our commitment to Malaysia,
   a country that offers a highly-skilled workforce, excellent technology
   understanding and a strong commitment to safety and environmental
   standards,” commented Aldo Kamper, CEO of ams OSRAM. “Together with the
   Malaysian authorities and the people of Malaysia, we are dedicated to
   continue the development of cutting-edge technology and the corresponding
   manufacturing processes to industrialize these technologies at scale.”

    

   In 2022, ams OSRAM celebrated 50 years in Malaysia. Over the course of
   this time, the company has developed a strong manufacturing base, research
   and development activities, sales and marketing functions, a global
   business center and IT service centers.

   ***END***

    

   About MIDA

   MIDA is the government’s principal investment promotion and development
   agency under the Ministry of Investment, Trade and Industry (MITI) to
   oversee and drive investments into the manufacturing and services sectors
   in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional
   and 21 overseas offices. MIDA continues to be the strategic partner to
   businesses in seizing the opportunities arising from the technology
   revolution of this era. For more information, please visit www.mida.gov.my
   and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube
   channel.

    

   About ams OSRAM

   The ams OSRAM Group (SIX: AMS) is a global leader in intelligent sensors
   and emitters. By adding intelligence to light and passion to innovation,
   we enrich people’s lives.

   With over 110 years of combined history, our core is defined by
   imagination, deep engineering expertise and the ability to provide global
   industrial capacity in sensor and light technologies. We create exciting
   innovations that enable our customers in the automotive, industrial, and
   medical and consumer markets maintain their competitive edge and drive
   innovation that meaningfully improves the quality of life in terms of
   health, safety and convenience, while reducing impact on the environment.

   Our around 21,000 employee’s worldwide focus on innovation across sensing,
   illumination and visualization to make journeys safer, medical diagnosis
   more accurate and daily moments in communication a richer experience. Our
   work creates technology for breakthrough applications, which is reflected
   in over 15,000 patents granted and applied. Headquartered in
   Premstaetten/Graz (Austria) with a co-headquarters in Munich (Germany),
   the group achieved over EUR 4.8 billion revenues in 2022 and is listed as
   ams-OSRAM AG on the SIX Swiss Exchange (ISIN: AT0000A18XM4).

    

   Find out more about us on [2]https://ams-osram.com

   ams is a registered trademark of ams-OSRAM AG. In addition many of our
   products and services are registered or filed trademarks of ams OSRAM
   Group. All other company or product names mentioned herein may be
   trademarks or registered trademarks of their respective owners.

   Join ams OSRAM social media channels: [3]>Twitter  [4]>LinkedIn 
   [5]>Facebook  [6]>YouTube

   For further information:

   MIDA

   Ms. Noor Suziyanti Binti Saad

   Director, Electrical and Electronics Division, MIDA

   Tel: +603-2267 3575

   E: [7]suziyanti@mida.gov.my

    

   Corporate Communications    Media Relations

   Amy Flécher      Hilary McGuinness Fernholz  
   Vice President      Head of PR

   Tel: +43 664 881 62121    Tel.: +49 151 27670184

   [8]amy.flecher@ams-osram.com    hilary.mcguinnessfernholz@ams-osram.com

   [9]press@ams.com   

   [10]ams-osram.com     

   Please do NOT delete this text. It will NOT be printed!
   It is necessary for the text block ‘further information’ at the bottom of
   this side!

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   11.09.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
   www.eqs.com

   ══════════════════════════════════════════════════════════════════════════

   Language:    English
   Company:     ams-OSRAM AG
                Tobelbader Straße 30
                8141 Premstaetten
                Austria
   Phone:       +43 3136 500-0
   E-mail:      investor@ams-osram.com
   Internet:    https://ams-osram.com/
   ISIN:        AT0000A18XM4
   WKN:         A118Z8
   Listed:      Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
                Munich, Stuttgart, Tradegate Exchange; BX, SIX, Vienna Stock
                Exchange (Vienna MTF)
   EQS News ID: 1723087


    
   End of News EQS News Service


   1723087  11.09.2023 CET/CEST

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