AMS Osram reports FY 2024 revenue at €3.43 billion, down 5% YOY

In fiscal year 2024, the company won about €5 billion in lifetime-value new semiconductor business

In a press release on Feb. 11, AMS Osram reported fiscal-year 2024 revenue at €3.43 billion, compared to €3.60 billion in fiscal year 2023, down by 5% year over year, due to a decline in the Lamps & Systems segment after divesting its Digital Systems business in 2023 and discontinuing some original equipment manufacturer module business.