Chipmaker AT&S cautiously optimistic thanks to stable first quarter

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Chipmaker AT&S has kept core profit stable so far in its financial first quarter, it said on Thursday after reporting a 22% decline for the full year on investment to expand the businesss.

FILE PHOTO: The logo of Austrian maker of printed circuit boards AT&S is seen at its headquarters in Leoben, Austria, July 5, 2016. Picture taken July 5, 2016. REUTERS/Heinz-Peter Bader

IC substrates are designed for use in high-end industrial applications, medical devices and navigation systems. Even though AT&S, which generates a large chunk of revenue in China, has largely been unaffected by disruption to supply chains, it said customer demand could be affected in the coming months.

It had cut its 2019/20 revenue forecast by about 7% to 960 million euros in February after the coronavirus outbreak in China.

 

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