Maybank has announced that it will be granting a Sustainability-Linked Loan (SLL) amounting to USD150 million to Austria Technologie & Systemtechnik Malaysia (AT&S Malaysia) to support the development of a semiconductor plant in Kulim.
This will be the first such facility by a local lender to a multinational company in Malaysia’s semiconductor sector. This deal follows a USD250 million loan provided to AT&S Malaysia by International Finance Corporation (IFC) in March 2025 and concludes the parallel loan arranged by IFC under the same agreement.
AT&S Malaysia is the subsidiary of Austria Technologie & Systemtechnik Aktiengesellschaft (AT&S), a public listed company in Vienna and a leading global manufacturer of high-end printed circuit boards (PCB) and integrated circuit (IC) substrates.
The financing will support the development of AT&S’ first high-end IC substrate plant in Kulim Hi-Tech Park, Malaysia, that will include state-of-the-art equipment and closed-loop recycling systems, adhering to AT&S’ comprehensive sustainable energy framework. The facility will produce advanced IC substrates, essential components to meet surging demand for high-performance data processors, data centres, and AI infrastructure. Its clients include among others, AMD for data centre processors. With over USD1 billion committed to Malaysia, this represents AT&S Group’s largest initial investment.
The targets attached to the SLL include reducing annual greenhouse gas emissions by 31% by March 31, 2028, using fiscal year 2022 as the baseline.
Dato’ John Chong, Group Chief Executive Officer, Global Banking of Maybank said, “The SLL structure also strengthens our commitment to mobilising sustainable finance and powering the region’s green transition. This transaction is also a reaffirmation of our growing collaboration with the International Finance Corporation.”
“Our sizeable investment of over USD1 billion in Malaysia follows the demand from our global clients, and reflects our commitment ,” said Michael Mertin, President and CEO, AT&S.
AT&S ranks sixth in high-end PCBs market and fifth in IC substrates market globally in terms of revenue. The company is also the only non-Asian company producing IC-substrates in significant volumes and one of two non-Asian companies among the top 50 PCB companies in the world.
