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ams AG / ams reports second quarter results with revenues in upper half of guidance range reflecting demanding market environment; third quarter expected revenues show sequential growth at improved operating margin; acquisition of CCMOSS comp - Seite 3

expectations. This included ambient light sensing solutions,
combination modules, and highly-integrated multi-function modules for
successful mobile device platforms.

ams is seeing traction for its next generation of mobile device light
sensors with smaller volume shipments already underway. Other product
lines that ams ships into major device vendors' products continued to
support the performance of the company's consumer business. ams'
audio business performed well in the first half of the year and ams
has identified significant opportunities for its ANC noise
cancellation solution targeting high volume in-box smartphone
accessories.

ams' industrial, medical, and automotive businesses performed to
expectations in the second quarter and first half. ams is a key
supplier to a broad base of industrial OEMs globally where ams
enables a wide range of high value industrial sensor applications
through its differentiated sensor and sensor interface solutions.
Demand patterns in some of ams' industrial end markets appear less
consistent as customers experience end market and macroeconomic
uncertainty. At the same time, environmental sensor design-in efforts
remain on track.

ams' medical business again recorded attractive results driven by
digital imaging sensor solutions for advanced computed tomography
(CT), digital X-ray, and mammography where ams offers diagnostic
benefits to global OEMs. Focused on differentiated sensor and sensor
interface solutions, ams' automotive business continued to perform to
expectations in the second quarter. ams' automotive sensor and analog
expertise aligns with major automotive trends and supports
sensor-driven applications including advanced driver assistance,
position sensing, and level and chassis control. ams' specialty
analog foundry business also contributed attractively to the
company's results in the first half.

In the second quarter, ams completed the acquisition of Cambridge
CMOS Sensors Ltd (CCMOSS), the technology leader in micro hotplate
structures for gas and infrared sensing, which makes ams the clear
leader in gas and infrared sensor technology worldwide. CCMOSS' gas
sensing MEMS structures on CMOS wafers allow the creation of complete
monolithically integrated CMOS sensor ICs that offer high
cost-efficiency, low power consumption, small footprint and the
ability to integrate additional sensor modalities like relative
humidity, temperature, and pressure. CCMOSS' hotplate expertise is
highly synergetic with ams' technology leadership in MOX gas sensing
materials to detect gases like CO, NOx, and VOCs for volume
applications in the automotive, industrial, medical, and consumer