AT&S Malaysia

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 AT&S Austria Technologie & Systemtechnik Aktiengesellschaft (AT&S) has established a wholly owned subsidiary, AT & S Austria Technologie & Systemtechnik (Malaysia) Sdn. Bhd (“AT&S Malaysia” or the “Company”), to manufacture integrated circuit (IC) substrates at a facility in Kulim, Kedah State, Malaysia. IC substrates are key components of semiconductors used in a variety of electronics devices such as personal computers, notebooks, and servers (used in datacentres). The facility will produce high-end substrates for use by some of the key customers of the Company.  IFC financing will be utilised to finance the capital expenditure and associated start-up costs / effects (i.e. the expenses until the commencement of mass production) for the first phase of this facility (the “Project”), having a capex outlay of approximately US$1 billion.