Can micro LEDs help reverse things?

Can micro LEDs help reverse things?

When the new CEO of ams Osram steps in on April 1, he’ll have a full in basket including ongoing geopolitics, a key factory expansion in Malaysia, horticultural snafus, and others.

A second major LED outfit reported a decline for the fourth quarter ending Dec. 31, as ams Osram said revenue dropped 4% while adjusted income plunged 75%. Like Signify, it did not see immediate improvement. It noted that difficulties continue in many sectors including horticulture.

The Premstaetten, Austria–based company, which will soon have a new CEO and CFO to steer its recovery, sells a wide range of optical chips, including LEDs as well as lasers, sensors, and photonic components. Its results are thus not a strict reflection of the LED market.

But the company counted LEDs among the trouble spots in noting that fourth-quarter revenue slid to €1.18 billion ($1.27 billion) from €1.23 billion ($1.32 billion) in the same quarter a year ago. Some of the decline represented revenue that no longer comes in from former Osram divisions which ams Osram has sold, such as Clay PakyTraxon Technologies, and many others.

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Photo by Petr Magera on Unsplash



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