An unconfirmed report about a partnership with Meta is boosting ams-OSRAM’s share price.
The semiconductor company could benefit from future developments in the area of innovative display technologies. A media report about a possible partnership with the US social media giant Meta drove up the share price of ams-OSRAM by 9.3 percent on Monday. The shares of the Austrian semiconductor company, whose shares are traded in Zurich, cost 11.88 francs there at the close of trading. In the annual balance sheet, the ams-OSRAM share price has doubled again. Things continue to look up on Tuesday. At times, ams shares climbed by 7.07 percent to 12.72 francs.
A dealer referred to a previously unconfirmed media report that Meta could seek a collaboration with ams-OSRAM to jointly develop MicroLED technologies. Accordingly, the US group is said to have set up a research and development team in Regensburg, Bavaria, near an ams-OSRAM branch.
“It is still too early to speculate whether and to what extent Meta will use MicroLED displays,” the retailer said. However, any commercial use of this technology would have a positive impact for ams-OSRAM, he mentioned.
ZURICH (dpa-AFX Broker) –
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