AMS Osram - comment

We are seeking further clarity from the Company but German press reports that AMS Osram has secured €300m from the federal government and the Free State of Bavaria as apart of the European Chips Act.   We haven’t got details of terms or tenor.  AMS Osram will invest a similar amount, coupled with the new facility, into research and development of optoelectronic semiconductors and their production processes.  This should ensure the creation of 400 high-tech jobs.  

We will try to confirm details of facility with the Company.