EQS-News: AT&S Austria Technologie & Systemtechnik AG / Key word(s):
Expansion
AT&S opens its first plant in Malaysia this week
22.01.2024 / 10:28 CET/CEST
The issuer is solely responsible for the content of this announcement.
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AT&S opens its first plant in Malaysia this week
Leoben, 22 January 2024 – AT&S will officially open its first plant in
Kulim, Malaysia, on 24 January 2024 and expects numerous guests from the
world of politics and business on this occasion. The new AT&S plant in
Kulim will produce IC substrates for the next generation of microchips for
high-performance computing, data centres and AI applications of leading
manufacturers such as AMD.
AI will boost the market
As also shown by the current discussions, AI will revolutionise every area
of society; AI will play a role in most digital applications in society.
And all of these applications will generate enormous amounts of data,
which need to be processed by high-performance microprocessors. “It is
exactly this global megatrend that pays into the strategy of AT&S because
we will primarily grow in, and due to, the high-performance computing
segment. This is why we have been expanding massively for many years and
have pursued investment projects like our campus in Malaysia,” says AT&S
CEO Andreas Gerstenmayer. “We are proud to have built what is probably the
world’s most modern IC substrate plant in such a short period of time and
in spite of all challenges, for example the COVID pandemic, and that we
are able to provide the required technologies and capacities in time once
the markets have recovered.”
Markets to recover from mid-2024
Current data of many market analysts also corroborate AT&S’s internal
forecast that the market environment should shift towards recovery and
growth in mid-2024. “It is still our clear goal for AT&S to be positioned
among the top 3 companies on the global market. Our mid-term guidance,
i.e., revenue of 3.5 billion euros, remains intact“, says CEO
Gerstenmayer,
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft – Advanced
Technologies & Solutions
AT&S is a leading global manufacturer of high-quality IC substrates and
printed circuit boards as well as a developer of pioneering interconnect
technologies for the core areas of mobile devices, automotive & aerospace,
industrial, medical and high-performance processors for VR and AI
applications. AT&S has a global presence with production sites in Austria
(Leoben, Fehring) and plants in India (Nanjangud), China (Shanghai,
Chongqing) and Korea (Ansan near Seoul). A new high-end production
facility for IC substrates is currently being built in Kulim, Malaysia. A
European competence center with connected series production for IC
substrate technologies is being built in Leoben. Both sites will start
production in 2024. The company employs more than 14,000 people. For
further information please visit (1) www.ats.net
Press contact
Gerald Reischl, Vice President Corporate Communications
Phone: +43 3842 200 4252; Mobile +43 664 8859 2452; (2)g.reischl@ats.net AT & S Austria Technologie & Systemtechnik Aktiengesellschaft Fabriksgasse 13 8700 Leoben / Austria (3) www.ats.net
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22.01.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
═════════════════════════════════════════ ═════════ ════════════════════════ Language: English Company: AT&S Austria Technologie & Systemtechnik AG Fabriksgasse 13 8700 Leoben Austria Phone: +43 (1) 3842200-0 Email: ir@ats.net
Internet: www.ats.net
ISIN: AT0000969985, AT0000A09S02
WKN: 922230
Indices: ATX
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange;
Vienna Stock Exchange (Official Market)
EQS News ID: 1820087
End of News EQS News Service
1820087 22.01.2024 CET/CEST
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2. g.reischl@ats.net
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