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Osram and Siemens Start Joint Venture

Photonics Spectra
Jan 1999
The Semiconductor Group of Siemens AG, with facilities in Berlin and Munich, Germany, and the company's subsidiary Osram GmbH in Munich have launched a joint venture for optoelectronic semiconductors. The new enterprise will operate in Regensburg as Osram Opto Semiconductors GmbH & Co.

By pooling the resources of the two subsidiaries, Siemens hopes to open new markets for light-emitting diodes (LEDs). Applications include instrument panels and third brake lights on cars. With LEDs becoming brighter, new opportunities exist in general-purpose lighting, traffic and railway signals, and illuminated displays.

Osram will own 51 percent of the company and will manage its 2300 employees.

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