Ams Osram to spend a billion dollars on new LED plant

Osram is embarking on a nearly one-billion-dollar expansion of its Kulim, Malaysia site, where it will build an LED and micro LED production facility alongside the €370 million plant that Osram opened some four years ago.

In a press release, ams Osram said the Kulim investment is expected to amount to up to approximately €800 million ($873 million) over the next 18–24 months.

The €800 million is more than twice the €370 million that raised eyebrows back in November 2017, when Osram (as the company was then called) opened the modern Kulim facility.