AT&S invests up to €2 billion in Malaysia plan to capitalise on AI boom

Alexandra Schwarz-Goerlich

Mon, June 15, 2026 astatine 5:33 AM CDT 1 min read

By Alexandra Schwarz-Goerlich

VIENNA, June 15 (Reuters) - Austrian circuit committee shaper AT&S has announced it is investing ‌up to €2 cardinal ($2.3 billion) successful Malaysia to ‌capitalise connected the AI boom, sending its shares soaring astir 30%.

"We ​will afloat grow our tract successful Kulim," the company's CEO Michael Mertin told Reuters successful an interrogation connected Monday.

The institution announced connected Saturday it would grow capableness ‌in Kulim and ⁠raised its outlook for 2026/27, citing agreements with its lawsuit AMD, the U.S. chipmaker, ⁠and different exertion institution connected the backmost of beardown request for AI infrastructure.

AT&S did not disclose the sanction ​of its ​second large client, portion ​industry sources accidental it ‌is Intel.

AT&S said the investments required for further accumulation capableness astatine the existing works and successful the antecedently unused gathering astatine the 2nd works successful Kulim were afloat supported and financed by semipermanent lawsuit commitments.

"We ‌expect to person represented astatine ​least 5 of the starring ​high-tech clients we ​know arsenic tech partners from the U.S.," ‌said Mertin.

Shares were trading up ​28.5% astatine €199 ​at 1009 GMT, aft hitting a grounds precocious of €200 earlier successful the day.

Mertin said it was apt ​the institution ‌would not wage a dividend for the existent ​and coming year.

($1 = 0.8618 euros)

(Writing by Linda ​Pasquini, editing by Thomas Seythal)