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Ams OSRAM (AMS.CH) is in talks with potential buyers for an undisclosed portion of their business. If you remember ams OSRAM was notified from an ‘undisclosed major customer’ (Apple (AAPL) that they would be cancelling a major micro-LED project in February of 2024, which led to the company taking a €513m asset and goodwill write down and postponing the opening of their second LED production fab in Kulim, Malaysia. This second set of Kulim lines were to be 8” while the first fab, opened in 2017, was a 6” line. The company was also involved in a sale/leaseback deal for the new fab.
The company has not stated what assets are being discussed but indicated that the sale would be ‘meaningful’. With the company looking to raise €500m to pay down debt, and the Kulim #2 SLB and sale already under consideration, ams OSRAM seems to be considering another path for one of their other business lines. Ams OSRAM has two major segments, Semiconductors and Lamps & Systems. The semi segment produces LEDs, lasers, optical sensors, and CMOS devices for automotive, industrial, medical and consumer applications, while the Lamp & System segment produces traditional halogen and similar non-LED illumination for similar end-markets. If we had to guess what might be closest to being on the block it would be the more traditional lamp and systems business, which represents ~30% of revenue, but that is just a guess.
Elon Musk’s xAI (pvt) just raised $10 billion, with the funding 50% equity and 50% secured notes and term loans. This is the 4th official capital raise for the company which seems to come to market every 6 months. Here are the fundings and estimated valuation:
The company has not stated what assets are being discussed but indicated that the sale would be ‘meaningful’. With the company looking to raise €500m to pay down debt, and the Kulim #2 SLB and sale already under consideration, ams OSRAM seems to be considering another path for one of their other business lines. Ams OSRAM has two major segments, Semiconductors and Lamps & Systems. The semi segment produces LEDs, lasers, optical sensors, and CMOS devices for automotive, industrial, medical and consumer applications, while the Lamp & System segment produces traditional halogen and similar non-LED illumination for similar end-markets. If we had to guess what might be closest to being on the block it would be the more traditional lamp and systems business, which represents ~30% of revenue, but that is just a guess.
Elon Musk’s xAI (pvt) just raised $10 billion, with the funding 50% equity and 50% secured notes and term loans. This is the 4th official capital raise for the company which seems to come to market every 6 months. Here are the fundings and estimated valuation:
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