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Shares in AMS-Osram fell almost 40% and were set for their biggest ever daily drop on Thursday after a client, which analysts said could be Apple, cancelled a microLED technology project. ...
Apple is believed to be the unnamed customer whose sudden cancellation of orders for micro LED displays thought to be for the Apple Watch Ultra has caused ams Osram's shares to drop 40%.
Apple is believed to be the unnamed customer whose sudden cancellation of orders for micro LED displays thought to be for the Apple Watch Ultra has caused ams Osram's shares to drop 40%.
(Bloomberg) -- Shares of Apple Inc. supplier AMS-Osram AG lost the most on record Thursday after the Swiss chipmaker said a customer canceled a key project that could force it to sell part of its Malaysian production site. Most Read from BloombergTrump Warns of Big Losses From Asset Sales During Property SlumpNYCB Flags Weaknesses in Loan Oversight and Names New CEOIndia’s Blowout GDP Based on Data Distortion That Masks SlowdownElon Musk Sues OpenAI and Altman for Breaching Firm’s Founding Missi
EQS-Ad-hoc: ams-OSRAM AG / Key word: Quarter Results/Annual Results ams OSRAM delivers solid Q4, with revenues and adj. EBIT above the mid-point of the guided range, and continues executing...