Premstaetten, Austria (15 November 2017) -- ams (SIX: AMS), a leading worldwide supplier of high performance sensor solutions, has announced today that it has divested its LED backlight technology and product portfolio to Dialog Semiconductor through an asset transaction.
As part of the transaction, Dialog has also acquired specific ams intellectual property rights. The acquired LED backlight integrated circuits (IC) portfolio is already in volume production with Asia Pacific TV manufacturers. The transaction is now closed, with the commercial terms of the deal undisclosed. The related revenues are not material to ams' business.
Alexander Everke, CEO of ams, commented on the announcement, 'We continue to implement our clearly defined strategy concentrating on the four sensing focus areas of optical, imaging, environmental, and audio sensing. This includes actively managing our technology and business portfolio on an ongoing basis.'
ams AG published this content on 15 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 November 2017 07:04:18 UTC.