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FREUDENSTADT, Germany - SCHMID Group (NASDAQ:SHMD) has secured two significant orders for its advanced manufacturing equipment used in Panel Level Packaging and mSAP production, according to a press release statement issued Monday. The company's stock, currently trading at $4.96, has shown impressive momentum with an 85.77% return over the past year and is trading near its 52-week high of $5.28, according to InvestingPro data.
The Germany-based equipment maker will deliver cluster configurations of its Line C+ and Line H+ equipment to a customer in Southeast Asia. The second order involves supplying horizontal Line H+ and vertical Line V+ machines to a customer in China for expanding mSAP capacities, primarily for AI server PCB and similar products.
The Southeast Asian customer operates in semiconductors and infrastructure software, while the Chinese customer specializes in high-end printed circuit boards and IC substrates.
These orders come amid growing demand in the AI and semiconductor sectors. According to data cited in the company statement, global semiconductor revenues are projected to reach $785 billion in 2025 and grow to $1.1 trillion by 2029, driven primarily by AI-centric architectures and data-intensive computing. SCHMID Group, with a market capitalization of $213.16 million, has capitalized on this industry growth with a 43.35% price return over the past six months and a 61.04% return year-to-date, as shown in InvestingPro data, which offers additional insights through its ProTips and financial health scores.
Roland Rettenmeier, CSO of SCHMID Group, stated: "These projects reflect our customers' confidence in SCHMID's capability to deliver reliable, scalable production solutions for next-generation Advanced Packaging."
SCHMID Group, founded in 1864, employs over 800 people worldwide with operations in multiple locations including Germany and China. The company provides equipment and process solutions for various industries including electronics, renewable energy, and energy storage.
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