Austrian semiconductor firm AT&S plunges as it considers 50% capital increase

AT & S Austria Technologie & Systemtechnik AG

14/11/2023 07:46

** Shares in AT&S  ATSV.VI  plunge 16% in early trade after
the Austrian semiconductor firm said it was considering a 50%
capital increase
    ** The circuit boards maker is now in talks with state-owned
holding Österreichische Beteiligungs AG (ÖBAG), that would
potentially acquire 25% plus one share in AT&S as part of the
capital increase, which would make it a top investor in the
company
    ** AT&S, whose customers include Apple  AAPL.O , Intel
 INTC.O , and large European automotive suppliers, also holds
discussions with other potential investors to participate in the
capital increase
    ** The supplier of circuit boards used in for smartphones,
tablets, game consoles, and medical devices is experiencing
weaker demand and high price pressure

 (Reporting by Andrey Sychev)
 ((andrey.sychev@thomsonreuters.com))