VIENNA, June 15 — Austrian circuit board manufacturer AT&S has announced it is investing up to €2 billion (RM9.4 billion) in Malaysia to capitalise on the artificial intelligence (AI) boom, sending its shares soaring nearly 30 per cent.
"We will fully expand our site in Kulim," its chief executive officer Michael Mertin told Reuters in an interview on Monday.
On Saturday, the company announced that it would expand capacity in Kulim, Kedah, and raised its outlook for 2026/27, citing agreements with its customer AMD, the United States chipmaker, and another technology company on the back of strong demand for AI infrastructure.
AT&S did not disclose the name of its second major client, while industry sources say it is Intel.
AT&S said the investments required for additional production capacity at the existing plant and in the previously unused building at the second plant in Kulim were fully supported and financed by long-term customer commitments.
"We expect to have represented at least five of the leading high-tech clients we know as tech partners from the US," said Mertin.
Shares were trading up 28.5 per cent at €199 at 1009 GMT, after hitting a record high of €200 earlier in the day.
