AT&S Austria Technologie & Systemtechnik (ATS)

AT&S is the only scaled IC substrate manufacturer in Europe — a €3.4B market-cap company at the most critical inflection in its history. The Kulim, Malaysia campus (€1B invested, AMD-certified May 2025) is ramping toward €2.1–2.4B revenue in FY2026/27 vs.

— Full briefing at https://pink.sakdiarpa.com/reports/ats.html (4 sections, ~21858 words).