The European Investment Bank (EIB) announced on Tuesday, May 9, that it is granting a €250M loan to Austria Technologie & Systemtechnik AG (AT&S), a Europe-based leading manufacturer of high-end printed circuit boards and integrated circuit substrates.
AT&S says it will use the money to fund its research and development efforts and to construct a new research centre at its headquarters in Leoben, Austria.
Thomas Östros, VP of EIB who oversees financing in Austria, says, “We are proud to support AT&S, a highly innovative company that is key to achieving digital autonomy in Europe. The Leoben research centre, in collaboration with universities and research institutions, will serve to develop knowledge within the industry.”
EIB’s top goals are climate and the environment, development, innovation and skills, small and medium-sized enterprises, infrastructure, and cohesion. It collaborates with EU institutions to further grow the European Union and support EU policies in over 140 nations globally.