STMicroelectronics Buys Ams' NFC And RFID Reader Assets

(RTTNews) - STMicroelectronics (STM) Friday said it has acquired ams' assets related to NFC and RFID reader business, to strengthen its microcontroller solutions embedding NFC connectivity and to complement its NFC/RFID EEPROM tag offering.

STMicroelectronics acquired the ams assets for a cash payment of $77.8 million and deferred earn-out contingent on future results, currently estimated to be about $13 million, but which in any case will not exceed $37 million.

The acquisition includes intellectual property, technologies, products and business that are highly complementary to STM's microcontroller solutions. About 50 technical experts from ams have been transferred to STMicroelectronics.