Brief: Elmos Semiconductor And Silex Microsystems Signed Long-Term Supply Agreement

Elmos Semiconductor SE

14/12/2021 09:22

Dec 14 (Reuters) - ELMOS SEMICONDUCTOR SE  ELGG.DE :
    * SALE OF WAFER FAB IN DORTMUND TO THE MEMS FOUNDRY SILEX
MICROSYSTEMS AB - LONG-TERM SUPPLY AGREEMENT UNTIL AT LEAST 2027
SIGNED
    * WILL SELL ITS WAFER FABRICATION ACTIVITIES IN DORTMUND FOR
NET
PURCHASE PRICE OF 77.5 MILLION EURO PLUS AROUND 7 MILLION EURO
FOR WORK-IN-PROGRESS INVENTORY
    * TOTAL PURCHASE PRICE THEREFORE IS AROUND 85 MILLION EURO
    * CLOSING OF TRANSACTION IS EXPECTED TO TAKE PLACE IN SECOND
HALF
OF 2022
    * ELMOS AND SILEX HAVE ENTERED INTO A LONG-TERM SUPPLY
AGREEMENT
UNTIL AT LEAST 2027, WITH ELMOS BUYING PROCESSED WAFERS PRODUCED
AT FAB

Source text for Eikon:  ID:nEQ2MW8P9a 
Further company coverage:  ELGG.DE 

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