Austrian mixed-signal semiconductor and sensor company AMS AG is ready to sell off parts of its environmental sensor business and turn a corporate strategy that was based on four pillars of sensing into one based on three – optical, imaging and audio. The company has also shelved a plan for a secondary listing of its stock in Hong Kong.
million compared to $663.9 million for 2017, particularly due to a expansion of manufacturing capacity in Singapore (see AMS opens Singapore site under $200 million plan ).
AMS added that significant spending in Singapore has been completed and that capital expenditures would come down significantly in 2019. Because it does not see the need to raise money it has decided to postpone a previously planned secondary listing at the Hong Kong stock exchange (HKEx). The prerequisite jurisdiction admission process for Austria was successfully completed in December and AMS said it expects to pursue the planned secondary listing at a later point in time.
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