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STMICROELECTRONICS ACQUIRES AMS' NFC AND UHF RFID READER ASSETS
- Aug 06, 2016 -

STMicroelectronics has announced that it has acquired the assets of ams, a global maker of sensor and analog solutions, related to ams' Near Field Communication (NFC) and UHF RFID reader IP, technologies and product lines. The terms of the deal include an up-front cash payment of $77.8 million, as well as a deferred earn-out consideration contingent on future results of up to $37 million.

Through the terms of its deal with ams, ST says, it is acquiring the company's intellectual property, technologies, products and businesses highly complementary to its secure microcontroller solutions serving the mobile devices, wearables, banking, identification, industrial, automotive and Internet of Things markets. Approximately 50 technical experts from ams have been transferred to ST.


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