EANS-News: ams AG
ams divests MEMS microphone interface ASIC design assets to Knowles Corporation
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.
--------------------------------------------------------------------------------
Building on long-term ams/Knowles relationship, transaction reflects ams’
continuing focus on sensor solutions
Strategic Management Decisions
Premstaetten - Premstaetten, Austria (23 December 2019) -- ams (SIX: AMS), a
leading worldwide supplier of high-performance sensor solutions, announces the
divestment of its MEMS microphone interface design assets to its customer
Knowles Corporation (NYSE: KN) ("Knowles"), a global provider of advanced micro-
acoustic, audio processing, and precision device solutions. Continuing its
strategic focus on sensor solutions and in view of significant future
opportunities in optical technologies, ams will divest its industry-leading high
performance interface ASIC design business for MEMS microphones which has worked
in close partnership with Knowles for a number of years to create bespoke audio
sensor interfaces. The transaction includes the transfer of a well-respected
ASIC design team, related intellectual property rights and sourcing rights for
ASIC wafers from multiple foundry partners for a total consideration of USD 58
million in cash. The transaction has already been closed.
"As we drive ams towards becoming a Sensor Solutions and Photonics leader, we
have taken this step to secure a strong investment for the excellent ams IP and
the expertise of the ams team in MEMS microphone applications," said Chris
Feige, Head of Ear Solutions at ams. "With its market-leading understanding from
design to execution in advanced micro-acoustics and audio processing and
building on our established relationship, Knowles is an excellent partner for
this transaction."
###
About ams
ams is a global leader in the design and manufacture of advanced sensor
solutions. Our mission is to shape the world with sensor solutions by providing
a seamless interface between humans and technology.
ams' high-performance sensor solutions drive applications requiring small form
factor, low power, highest sensitivity and multi-sensor integration. Products
include sensor solutions, sensor ICs, interfaces and related software for
consumer, communications, industrial, medical, and automotive markets.
With headquarters in Austria, ams employs about 9,000 people globally and serves
more than 8,000 customers worldwide. ams is listed on the SIX Swiss stock
exchange (ticker symbol: AMS). More information about ams can be found at https:
//ams.com [https://ams.com/]
Join ams social media channels:
>Twitter [https://twitter.com/amsAnalog] >LinkedIn [https://www.linkedin.com/
company/ams-ag] >Facebook [https://www.facebook.com/amsAnalog] >YouTube [https:/
/www.youtube.com/user/amsAnalog]
ams is a registered trademark of ams AG. In addition many of our products and
services are registered or filed trademarks of ams Group. All other company or
product names mentioned herein may be trademarks or registered trademarks of
their respective owners. Information provided in this press release is accurate
at time of publication and is subject to change without advance notice.
Further inquiry note:
Moritz M. Gmeiner
Vice President Investor Relations
Tel: +43 3136 500-31211
Fax: +43 3136 500-931211
Email: investor@ams.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
issuer: ams AG
Tobelbader Strasse 30
A-8141 Premstaetten
phone: +43 3136 500-0
FAX: +43 3136 500-931211
mail: investor@ams.com
WWW: www.ams.com
ISIN: AT0000A18XM4
indexes:
stockmarkets: SIX Swiss Exchange
language: English
Original content of: ams AG, transmitted by news aktuell