EQS-News: AT&S opens its first plant in Malaysia this week

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

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   Language:    English
   Company:     AT&S Austria Technologie & Systemtechnik AG
                Fabriksgasse 13
                8700 Leoben
                Austria
   Phone:       +43 (1) 3842200-0
   E-mail:      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. mailto:g.reischl@ats.net
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