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AT&S Cuts Fiscal Year Forecast, Citing Coronavirus

Published: 03 February 2020
 by Chelsey Drysdale

VIENNA – AT&S cut its revenue forecast for the fiscal year ending in March, citing the coronavirus affecting production in China.

AT&S said it now expects full-year revenue of $1.06 billion. It previously forecast flat revenue of $1.14 billion.

AT&S produces PCBs for smartphones, tablets and IC substrates. The company employs nearly 7,000 in China, where it operates two plants in Chongqing and one plant in Shanghai.

“Subject to staff availability, the plants in Shanghai and Chongqing II will start production in the week of Feb. 10 after an extended New Year’s holiday,” AT&S said in a statement.

 

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