AT&S has secured new financing to expand its operations in India, underlining how global PCB and substrate manufacturers are deepening their presence in the country’s fast-growing electronics manufacturing landscape. This move comes as India positions itself as a serious hub for higher-value components, not just assembly.
AT&S looks to scale in India
Formally known as Austria Technologie & Systemtechnik AG, AT&S produces high?end printed circuit boards and IC substrates for semiconductors and advanced electronics.
India is already an important part of its network, with a production site in Nanjangud serving automotive, industrial and infrastructure customers.
The latest financing signals a clear intention to build on this base as demand for complex substrates and advanced PCBs grows across AI, automotive, telecom and industrial applications.
Financing supports long-term growth plans
Accoridng to various reports, AT&S has used similar financing tools to support expansion and R&D globally, including a €250 million loan from the European Investment Bank for its Leoben research center.
The fresh funding for India aligns with the company’s broader ambition to reach multi-billion-euro annual revenue and strengthen its position as a key supplier to high-end semiconductor and electronics customers.
It also reinforces India’s role as a strategic manufacturing and technology hub within AT&S’s network of plants in Austria, India, China and South Korea.
India’s electronics push creates tailwinds
AT&S’s plans land at a time when India is ramping up policy support for component manufacturing in areas such as camera modules, display assemblies and semiconductor-adjacent parts.
Industry stakeholders expect recently approved incentive schemes to cut import dependence and integrate India more tightly into global value chains.
For high-end PCB and substrate makers, these policies create a favourable backdrop for investing in capacity, technology upgrades and local partnerships that can serve both domestic and export markets, a trend also highlighted in broader discussions on India’s electronics transformation.
Strategic relevance for AI, automotive and 5G
Advanced IC substrates and PCBs are critical for AI servers, automotive ADAS systems, 5G infrastructure and edge computing platforms, areas where India is actively trying to deepen its manufacturing capabilities.
AT&S’s decision to secure financing specifically for India points to growing confidence in the country as a base for producing high-value electronics rather than just low-margin assembly. For global OEMs seeking to diversify supply chains, stronger local capacity 
from players like AT&S adds resilience and aligns with India’s ambition to become a trusted partner in semiconductor and advanced packaging ecosystems.
How AT&S ultimately deploys this financing, whether toward added capacity, new substrate technologies or more sophisticated PCB lines will be closely tracked development.
