ams OSRAM : MicroLED project cancelled – We downgrade to Underperform (vs Neutral) as lower growth profile, execution issues should lead to de-rating
>Cancellation of cornerstone ams’ microLED project (Apple Watch) - ams OSRAM announced yesterday evening that a cornerstone project underpinning its microLED strategy got unexpectedly cancelled, prompting it to re-assess its microLED strategy. Discussions with the related customer are ongoing. The need to issue such a press release means that it most certainly concerns the group's major microLED customer in our view, namely Apple, which was due to use ams OSRAM's micr...AMS provides advanced sensor and analog solutions for high value and emerging markets. Co.'s markets include Consumer and Communications and Industrial, Medical, Automotive. Co. delivers a broad range of innovative technology solutions for consumer electronics and communication device manufacturers including intelligent light sensors, MEMS microphone ICs, NFC solutions, active noise-cancelling ICs and ultra-low power management solutions. Co. offers customized, application-specific integrated circuits and standard solutions for a broad range of industrial applications including automation and control, position sensors, building automation, security and high-resolution seismic analysis.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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