EANS-Adhoc: AT&S initiates next growth

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Investment volume of just under one billion Euro planned for the next five years
/ Construction of a new plant in Chongqing and expansion of the location in
Leoben

Strategic Management Decisions
11.07.2019

Leoben - AT&S, the leading manufacturer of high-end printed circuit boards,
continues to expand its business with IC substrates as a strategic pillar. Due
to rising market demand for high-performance computing, the company intends to
build a new plant at the location in Chongqing and to expand the existing
capacities at the Leoben plant. To this end, an investment volume totalling
nearly one billion Euro with a focus on Chongqing is planned for the next five
years. These investment projects are also based on close cooperation with a
leading producer of semiconductors.

Increasingly connected digital systems, systems using artificial intelligence,
robotics or autonomous driving require ever faster processing of ever increasing
data volumes. As a result, the required computing power and data storage needs
are growing significantly. The required performance of future high-performance
computing modules massively drives the technological demands on all components
of the modules including IC substrates.

With these investments, AT&S pursues the goal of sustainable, profitable growth
while at the same time expanding its market position for IC substrates. AT&S
will participate in the growing market for IC substrates based on these
investments. The business with IC substrates is becoming a strategically
important business mainstay for AT&S in addition to high-end printed circuit
boards.

The new, state-of-the-art factory is intended to be built at the existing
location in Chongqing. Construction work begins immediately and the start of
production is planned for the end of 2021.

Further inquiry note:
Gerda Königstorfer
Director Investor Relations & Communications
Mobile: +43 676 8955 5925
g.koenigstorfer@ats.net

end of announcement euro adhoc
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issuer: AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
Fabriksgasse 13
A-8700 Leoben
phone: 03842 200-0
FAX:
mail: ir@ats.net
WWW: www.ats.net
ISIN: AT0000969985
indexes: VÖNIX, WBI, ATX GP
stockmarkets: Wien
language: English

Original-Content von: AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, übermittelt durch news aktuell