STMicroelectronics Acquires ams' NFC and RFID Reader Assets
(Thomson Reuters ONE) -
* Acquisition of IP, technologies, products and business strengthens ST's
secure microcontroller solutions embedding NFC connectivity
* New products already integrating this technology sampling now to customers
and covering a broad range of applications such as next-generation mobile
and Internet of Things devices
* Acquisition of RFID Readers to complement ST's NFC/RFID EEPROM tag offering
Geneva (Switzerland), July 29, 2016 - STMicroelectronics, (NYSE: STM), a global
semiconductor leader serving customers across the spectrum of electronic
applications, today announced that it has acquired ams' (SIX: AMS) assets
related to NFC[1] and RFID[2] reader business. ST has acquired intellectual
property, technologies, products and business highly complementary to its secure
microcontroller solutions serving mobile devices, wearables, banking,
identification, industrial, automotive and IoT markets. Approximately 50
technical experts from ams have been transferred to ST.
The acquired assets, combined with ST's secure microcontrollers, position ST for
a significant growth opportunity, with a complete portfolio of best-in-class
technologies, products and competencies that comprehensively address the full
range of the NFC and RFID markets for a wide customer base.
"Security and NFC connectivity are key prerequisites for the broad rollout of
mobile and IoT devices anticipated in the coming years. This acquisition builds
on our deep expertise in secure microcontrollers and gives ST all of the
building blocks to create the next generation of highly-integrated secure NFC
solutions for mobile and for a broad range of Internet of Things devices," said
Claude Dardanne, Executive Vice President and General Manager of
STMicroelectronics' Microcontroller and Digital ICs Group. "We welcome this
highly competent team from ams into ST for the benefit of our customers."
The first NFC controller, leveraging the acquired assets, is already sampling to
lead customers, as well as a new high-performance, highly-integrated System-in-
Package solution which combines this NFC controller with ST's secure element.
ST acquired the ams assets in exchange for a (i) cash payment of $77.8 million
(funded with available cash), and (ii) deferred earn-out contingent on future
results for which ST currently estimates will be about $13 million but which in
any case will not exceed $37 million.
About STMicroelectronics
ST is a global semiconductor leader delivering intelligent and energy-efficient
products and solutions that power the electronics at the heart of everyday life.
ST's products are found everywhere today, and together with our customers, we
are enabling smarter driving and smarter factories, cities and homes, along with
the next generation of mobile and Internet of Things devices.
By getting more from technology to get more from life, ST stands for
life.augmented.
In 2015, the Company's net revenues were $6.90 billion, serving more than
100,000 customers worldwide. Further information can be found at www.st.com.
For further information, please contact:
INVESTOR RELATIONS:
Tait Sorensen
Group VP, Investor Relations
STMicroelectronics
Tel: +1 602 485 2064
tait.sorensen(at)st.com
MEDIA RELATIONS:
Nelly Dimey
Director, Corporate Media and Public Relations
Tel: + 33 1 58 07 77 85
nelly.dimey(at)st.com
Alexis Breton
Tél : 01.58.07.78.62
Mobile : 06.59.16.79.08
alexis.breton(at)st.com
--------------------------------------------------------------------------------
[1] NFC : Near-Field Communication.
[2] RFID : Radio-frequency identification.
ST acquisition NFC RFID:
http://hugin.info/152740/R/2031815/756196.pdf
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Source: STMicroelectronics via GlobeNewswire
[HUG#2031815]
Unternehmensinformation / Kurzprofil:
Datum: 29.07.2016 - 07:01 Uhr
Sprache: Deutsch
News-ID 486233
Anzahl Zeichen: 4733
contact information:
Town:
Geneva
Kategorie:
Business News
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