Austrian circuit board maker AT&S raises 2026/27 outlook following long-term AI infrastructure demand from AMD and another major client.
Austrian circuit board manufacturer AT&S will invest up to €2 billion in Malaysia to expand production capacity, driven by strong AI infrastructure demand. The move follows agreements with U.S. chipmaker AMD and another undisclosed major client, widely believed to be Intel.
The company raised its outlook for fiscal 2026/27, citing long-term customer commitments that fully finance the expansion at its Kulim site. AT&S expects to partner with at least five leading U.S. tech firms, though it did not disclose further details.
Shares jumped 28.5% to €199 after hitting a record €200 earlier in the session. CEO Michael Mertin indicated the company is unlikely to pay dividends for the current and coming year due to the investment plan.