AT&S opens its first plant in Malaysia this week
22.01.2024 - 10:28:06AT&S opens its first plant in Malaysia this week. AT&S Austria Technologie & Systemtechnik AG / AT0000969985
| 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. 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 www.ats.net Press contact Gerald Reischl, Vice President Corporate Communications Phone: +43 3842 200 4252; Mobile +43 664 8859 2452; g.reischl@ats.net AT & S Austria Technologie & Systemtechnik Aktiengesellschaft Fabriksgasse 13 8700 Leoben / Austria www.ats.net 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 |
| 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 |
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