Core Viewpoint - AT&S reported a total revenue of €1.59 billion for the fiscal year 2024/2025, reflecting a 3% year-on-year growth despite price pressures and global trade uncertainties [1][2]. Financial Performance - The company's revenue increased from €1.55 billion in the previous fiscal year to €1.59 billion [1]. - EBITDA saw a significant rise of 97%, increasing from €307 million to €606 million, primarily due to the sale of the Korean factory [1]. - Adjusted EBITDA, excluding the impact of the Korean factory sale, was €408 million, up 6% from €384 million in the previous fiscal year [2]. Market Environment - The ongoing trade tensions, particularly between the U.S. and China, are viewed as the largest uncertainty affecting the market [2][5]. - Demand in the mobile devices, computers, and communication infrastructure sectors remains stable, while the automotive sector is stagnant and the industrial sector is weak [2][5]. - Price pressures in the printed circuit board (PCB) and semiconductor packaging sectors continue, although the decline in PCB prices is less severe than in the previous fiscal year [2][5]. Strategic Initiatives - The company is focusing on cost optimization and efficiency improvements to counteract market pressures and inflation [2]. - AT&S is implementing a "local for local" strategy in China to enhance market resilience and capitalize on local opportunities [6]. - The company plans to balance production capacity across its global manufacturing network, which includes facilities in China, Malaysia, Austria, and India [7]. Future Outlook - AT&S is preparing for future demand recovery by ensuring that its new factory in Malaysia is ready to start production quickly when needed [7]. - The company acknowledges the growing interest from Chinese clients in its advanced technologies, emphasizing that the Chinese market remains a core business area [7].

Core Viewpoint - AT&S has officially launched its new factory in Kulim Hi-Tech Park, Malaysia, achieving full production capacity, which marks a significant milestone for the company and symbolizes Malaysia's strategic leap in the global semiconductor supply chain [1][2]. Group 1: Factory Launch and Production Capacity - The new factory in Kulim was completed in a record time of two years and is expected to have the fastest production ramp-up in the world for similar projects, achieving mass production readiness within just one year [2][4]. - The factory is part of AT&S's response to Malaysia's national semiconductor strategy, focusing on new customers, technologies, and R&D projects to support economic growth [2][3]. Group 2: Investment and Infrastructure - AT&S has invested approximately 5 billion MYR (1 billion EUR) in the Kulim facility, which includes a total building area of about 255,000 square meters and is equipped with around 500 high-tech devices [3][5]. - The company has collaborated closely with local institutions, including the Collaborative Research in Engineering, Science & Technology (CREST) and the Ministry of Investment, Trade and Industry (MITI) in Malaysia [3][5]. Group 3: Strategic Operations and Market Demand - The new factory will benefit from a tightly integrated operational model involving plants in Chongqing, Malaysia, and Leoben, Austria, enhancing knowledge sharing and R&D capabilities to meet the growing demand for CPUs, GPUs, AI, VR, and AR technologies [2][3]. - As global data volumes increase exponentially, the demand for data storage, transmission, and analysis is expected to remain strong, positioning AT&S as a preferred technology partner [2][3]. Group 4: Workforce Development and Certifications - Over 6 million MYR has been invested in R&D, with more than 5,000 students participating in AT&S's employer branding initiatives [3]. - The Kulim facility has achieved necessary product certifications, factory certifications, and ISO system certifications, further solidifying its operational credibility [4][5].