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MarketScreener Homepage  >  Equities  >  WIENER BOERSE AG  >  AT&S Austria Technologie & Systemtechnik    ATSV   AT0000969985

AT&S AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK

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AT&S Austria Technologie & Systemtechnik : advocates unleashing the power of smart technology for industrial upgrading in Chongqing

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09/17/2018 | 06:58am EDT

Dr. Hannes Androsch, AT&S Supervisory Board Chairman and Chairman of Chongqing Mayor's International Economic Advisory Council (CMIA), attended the 13th Annual Meeting of the CMIA in Chongqing, China on September 16, 2018. It is the fourth consecutive year for AT&S to participate in this most influential event. Over the past years, AT&S has been sharing its insights and suggestions to support Chongqing's sustainable growth.

Dr. Androsch hosted the panel discussion themed 'Intelligence contributes to industrial upgrading' at the 2018 annual conference. He kicked off the topic with a key note and underlined the importance of shifting traditional manufacturing in Chongqing to high-end, smart manufacturing. He proposed to drive the development of smart technology in Chongqing by establishing a high-end industrial ecosystem, fostering highly qualified labour force and creating a competitive and open investment environment for investors.

In a digital world and in a smart production environment, semiconductors as an enabling technology play a key role for the successful transformation. Semiconductors are fundamental components that make up the servers, computers and devices that can process tons of data, enable automation and robotics, as well as drive artificial intelligence. Building up the entire supply chain from IC design, production of silicone chips including IC substrates to packaging is a strategic move to support the digital transformation of the production and the entire society.

Dr. Androsch advocates government to encourage collaboration between foreign partners with Chinese universities and research institutes, support foreign innovation and R&D in high-end manufacturing, as well as provide financial support for high-end and capital intensive manufacturing operations.

Through the combination of these three important success factors, Chongqing will be able to achieve a healthy transition to a smart manufacturing hub, further establishing the city as a significant player in China's overall growth strategy.

Chongqing is one of the most important production bases for AT&S worldwide. The company has invested in the world's most advanced IC substrates and substrates like PCB production facilities in Chongqing since 2011 and established a state of the art smart production system. By combining new and existing technologies, AT&S enables innovative interconnect architectures in semiconductors that is the requirement of future product architecture in years to come. AT&S is fully committed to continuing its path of technology and innovation in Chongqing and contributing to the development of semiconductors industry and value-added manufacturing industry in China.

Ingrid Sauer, AIC, Chen-Jiang PHUA, AT&S China, Andreas Gerstenmayer, CEO AT&S AG, Liu Guiping,
Vice Mayor of Chongqing, Dr. Hannes Androsch, Wang Kuiwan, Deputy, Secretary General of Chongqing,
Zhouqing, Deputy Director General of Chongqing Commission of Economy and Industry Informatization

September 17, 2018 12:48Published by klackner

Disclaimer

AT&S Austria Technologie & Systemtechnik AG published this content on 17 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 September 2018 10:57:08 UTC

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Sales 2020 1 041 M
EBIT 2020 104 M
Net income 2020 50,3 M
Debt 2020 317 M
Yield 2020 2,98%
P/E ratio 2020 8,87x
P/E ratio 2021 7,31x
EV / Sales2020 0,84x
EV / Sales2021 0,71x
Capitalization 559 M
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Average target price 22,3  €
Last Close Price 14,4  €
Spread / Highest target 94,4%
Spread / Average Target 54,5%
Spread / Lowest Target 25,0%
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NameTitle
Andreas Gerstenmayer Chief Executive Officer
Hannes Androsch Chairman-Supervisory Board
Heinz Moitzi Chief Operating Officer
Monika Stoisser Gohring Chief Financial Officer
Hannes Voraberger Director-Research & Development
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