ams OSRAM receives EU Commission approval for an investment grant up to €227 million for a new semiconductor manufacturing facility in Austria

Premstaetten, Austria and Munich, Germany (24 February 2025) – The European Commission today approved funding for a semiconductor manufacturing facility for ams OSRAM AG (SIX: AMS) under the European Chips Act. The official funding approval from the Austrian Ministry of Economy and Labor, which is responsible for the payment of the funding, is now expected shortly. ams OSRAM plans to use the funding of up to €227 million approved by the European Commission to sustainably strengthen the development and production site in Premstaetten. In total, the company plans to invest 567 million euros in the project by 2030, when full production will begin at the headquarters in Styria.