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Printed Circuit Board Producer AT&S Outperforms
- Jan 06, 2018 -

     Chen Jiang Phua, CEO of AT&S Business Unit Mobile Devices & Substrates, speaks at a press conference in Shanghai on Wednesday. Photo: Yu Xi/GT

Austria-based printed circuit board (PCB) maker AT&S said on Wednesday that its revenue increased 14.4 percent to 762.9 million euros ($860.19 million) in the financial year ended on March 31.

Its net profit went down 19.3 percent year-on-year to 56.0 million euros. But that reflects start-up costs for a project in Southwest China's Chongqing, the company said in its financial report released on Wednesday.

AT&S opened the site in Chongqing in April, with one plant being used and the other still being set up, and the total investment will be about 480 million euros, the company said.

Revenue in the mobile devices and substrates sectors increased 18.6 percent year-on-year to 539.7 million euros in the latest fiscal year, according to the financial report. 

"We performed better than the PCB market overall and increased revenue by more than 5 percent, while the PCB market declined by 4 percent," CEO Andreas Gerstenmayer said during a conference in Shanghai on Wednesday.

The decline of the PCB market was mainly due to weak demand in the computer and consumer markets, said the company. 

Companies that make similar products are being hurt more by the declining market than those that make advanced, specialized products, Gerstenmayer told the Global Times on Wednesday, noting that AT&S is focusing on providing advanced products. 

He also said that the company still needs to be cautious, as its performance can't be totally independent from the market.

"Compared with international peers, domestic integrated circuit makers are lagging in terms of advanced technology," Lu Renbo, vice secretary-general of the China Electronic Chamber of Commerce, told the Global Times on Wednesday. "But domestic integrated circuit makers occupy a lot of the middle and low ends of the market."

China is encouraging the development of the domestic integrated circuit industry. In October 2014, a national integrated circuit industry investment fund was established, mainly led by the Ministry of Industry and Information Technology. The fund will support the integrated circuit industry, including integrated circuit chip manufacturing and design.

From 2000 to 2015, AT&S invested more than $810 million in its Shanghai production site, Chen Jiang Phua, CEO of AT&S Business Unit Mobile Devices & Substrates, said on Wednesday.

"It could be a trend that more international companies will increase investment in China due to the huge market here," said Lu.

China is the largest market for semiconductor components and accounted for 57 percent of global consumption in 2014, according to a report by Moody's.