Can micro LEDs help reverse things?
Added on 16 February 2023
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 Paky, Traxon Technologies, and many others.
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