Osram, the 100-plus-year-old German company behind the Lightify smart bulb brand, notified Lightify users this week that it will shut down the cloud servers for its smart lighting devices next summer.

Ams-Osram shares jumped after the company outlined a plan to consider options for assets that aims to generate more than 500 million euros ($569.3 million) in proceeds and accelerate its debt ...

Source: ams, Osram Based in Austria, ams AG (OTCPK:AMSSY) manufactures sensor solutions and command a firm market leadership over the 3D imaging and sensing market with an estimated market share ...