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Austriamicrosystems Buys Texan Company TAOS

austriamicrosystems
June 17, 2011

Styrian chip producer acquires Texas Advanced Optoelectronic Solutions

Styria based chip maker austriamicrosystems has started the process of acquiring US-based Texas Advanced Optoelectronic Solutions, a leading global supplier of ambient light and proximity sensors and light sensors. The company reports the value of the share and cash transaction  to be USD 320 million.

TAOS is recognized globally as an established innovator in light sensing technology and is a leading worldwide supplier of light sensing solutions to the consumer electronics, computer, industrial, medical and automotive markets.

"The strategic combination of austriamicrosystems and TAOS creates a significant provider of advanced sensor technologies for the attractive smartphone and tablet PC markets", emphasizes John Heugle, CEO of austriamicrosystems.

Most recently, AMS won the gold Sensors Magazine “Best of Sensors Expo” Award in the sensors category for the AS5410 3D Hall encoder at the Sensors Expo & Conference in Illinois.

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