In a statement outlining its fourth quarter financial results AMS said the company has decided to reduce its effort in environmental sensing and has started redeploying R&D resources away from environmental sensing and into optical sensing. The company added that it is actively exploring strategic options for parts of its environmental sensing business.
Present CEO Alexander Everke conducted a strategic review of AMS business in his first six months in office in 2016 and was happy at that time to continue with environmental sensing (see CEO interview: Everke of AMS on four pillars of sensing). Everke inherited the AMS environmental sensing business after the company had made a series of acquisitions before he took the CEO position. AMS grabbed AppliedSensor GmbH (Reutlingen, Germany) in 2014, the environmental sensor business unit from NXP Semiconductors NV in 2015 and Cambridge CMOS Sensor Ltd. (Cambridge, England) in June 2016.
However, after years assimilating these businesses AMS clearly feels optical sensing has better medium- and long-term prospects.
Next: Financial results