ams Osram is progressing with its microLED production fab project in Kulim, Malaysia, and the company has now signed a sale-and-lease agreement with three local Malaysian funds, with a total sum of 2 billion RM (or about $420 million USD).
ams Osram will sell its Kulim facility (The building itself) to Permodalan Nasional Bhd (PNB), the Employees Provident Fund (EPF) and Retirement Fund (KWAP), and will lease it back for at least 10 years. The deal is expected to be formally signed by December 2023.
ams Osram will use the funds to expand its production site, as was announced last year. Osram plans to produce mini-LED and micro-LED chips on 8-inch wafers in Kulim, and its plan is to enter mass production in 2024. The company uses Aixtron's systems for LED production. Last month it was reported that the ams-OSRAM asked for Germany government subsidies of more than 300 million Euro, to expand its Regensburg facilities and accelerate its R&D efforts.
