Austrian chipmaker AT&S to invest $137M over four years in Austria

On Monday, Austrian chipmaker AT&S stated, it plans on investing up to $137 million (120 million euros) across four years to boost its technology and manufacturing prowess in its home location.

AT&S capex plans includes sinking on at least 100 million euros on new machineries and processing equipment; it has also allocated 20 million euros for research and development.

The companies produces circuit boards for smartphones and tablets and has customers such as Intel and Apple.

In a statement, the company said it will use the investment to boost the production capacity of its circuit board at its plant in Leoben, Styria by around 50% to 340,000 panels per year.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s