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home / news releases / STM - Knowles Acquires Ams' MEMS Segment In Diversification Push

STM - Knowles Acquires Ams' MEMS Segment In Diversification Push

STMicroelectronics N.V.

Quick Take

Knowles Corporation (KN) has announced the acquisition of the MEMS microphone ASIC design business of ams AG for $58 million.

ams MEMS has developed a team and related intellectual property in the MEMS microphone ASIC design industry.

KN’s stock has performed admirably in the past 12 months but looks fully valued at its current level, so my bias in NEUTRAL.

Target

Switzerland-based ams MEMS was founded as a division of ams AG to develop design technologies in the MEMS microphone market.

The group also has rights to source ASIC wafers from

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Stock Information
Company Name: STMicroelectronics N.V.
Stock Symbol: STM
Market: NYSE
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