Why did AT&S shares surge nearly 30%?

The surge followed the announcement of a major investment in Malaysia backed by agreements with AMD to meet AI infrastructure demand.

Who are AT&S's key customers for this expansion?

The key customers are AMD and another unnamed technology company.

Where will AT&S expand?

The expansion will take place at its existing site in Kulim, Malaysia.

AT&S Invests €2B in Malaysia to Capitalize on AI Boom

AT&S announced an investment of up to €2 billion in Malaysia to expand its Kulim site, citing agreements with AMD and another technology company amid strong AI infrastructure demand. The stock surged nearly 30%.

June 15, 2026

2 min read

Source: Reuters

Key Numbers

investment

€2 billion ($2.3 billion)

share price change

nearly 30%

Austrian circuit board manufacturer AT&S has announced an investment of up to €2 billion ($2.3 billion) in Malaysia to capitalize on the AI boom. CEO Michael Mertin told Reuters on Monday that the company "will fully expand our site in Kulim."

Investment Details

AT&S plans to increase capacity in Kulim based on agreements with customers including U.S. chipmaker AMD and another technology company. The expansion comes on the back of strong demand for AI infrastructure.

Market Reaction

AT&S shares surged nearly 30% following the announcement, reflecting investor optimism about AI-driven growth prospects.

Context

The move comes amid rising demand for high-performance components in the semiconductor industry, particularly as AI adoption accelerates. AT&S also raised its outlook for the 2026/27 fiscal year.

What This Means for Investors

The investment signals AT&S's ability to secure major clients like AMD, strengthening its position in the AI infrastructure market. However, investors should monitor the execution of the expansion and its ability to deliver expected returns.

Frequently Asked Questions

The investment is up to €2 billion ($2.3 billion).

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.