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.