ams Osram signs a $420 million sale-and-lease agreement for its Kulim microLED production site
ams Osram is progressing with its microLED production fab project in Kulim, Malaysia, and the company has now signed a sale-and-lease agreement with three local Malaysian funds, with a total sum of 2 billion RM (or about $420 million USD).
ams Osram will sell its Kulim facility (The building itself) to Permodalan Nasional Bhd (PNB), the Employees Provident Fund (EPF) and Retirement Fund (KWAP), and will lease it back for at least 10 years. The deal is expected to be formally signed by December 2023.