Osram GmbH Acquires Infineon’s Share of HB-LED Joint Venture

It’s now official, Osram GmbH (OGH) has purchased all of Infineon Technologies
AG’s 49% share of their joint venture, Osram Opto Semiconductors GmbH & Co for
a total of Euro 565 million, effective immediately, and Osram Opto now becomes
a wholly owned subsidiary of OGH. The move, which has been known for some time,
positions Osram with a greater market strength in the fast-paced compound semi
high brightness LED die and lamp sector while allowing Infineon added resources
for its core broadband communication businesses. The JV was established in January
1999 and in fiscal year 2000 (ending September) Osram Opto had reached a a sales
level of f Euro 281 million supported by approximately 3,600 employees. According
to Dr. Wolf-Dieter Bopst, President of Osram: “This acquisition is a milestone
within the scope of our innovation strategy: Osram is transforming itself from
a traditional manufacturer of lightbulbs into a high-tech company. A major factor
of this is the determined expansion of our business with semiconductor light
sources. With this key technology we are participating in a dynamic market with
annual growth rates of 20 percent
.” Osram Opto Semiconductors operates facilities
in Regensburg (Germany), San José, California in the USA and Penang (Malaysia)
and is the subsidiary is in expansion mode, building from the foundation laid
in the new HB-LED chip fab in Regensburg, which is slated to come online the
end of 2002 while their capacity for assembly in Malaysia was doubled during
the current fiscal year. Malaysia is also the site of production of Osram’s
organic light emitting diodes (OLED)
. For detailed information on this and
overall Osram and Infineon progress and focus, we refer readers to their joint
Press Release.