SCHMID Group (NASDAQ: SHMD) shares -climbed sharply Wednesday. The German-based company, a global equipment maker and solution provider for Printed Circuit Boards (PCB) and IC-Substrate manufacturing, today announced the successful acquisition of two significant orders in the fast-growing field of PCB for artificial intelligence (AI) server applications. So called AI-Server-Boards.
In one project, SCHMID will deliver a complete wet-process equipment setup featuring its advanced V+ and H+ systems. The second project involves the supply of technically critical horizontal H+ machines, marking a breakthrough outside the typical PCB and IC-substrate business.
Equally significant, according to this morning’s news release, “one of the customers has awarded SCHMID full responsibility for an entire production line, demonstrating strong confidence in SCHMID’s technology and services, and paving the way for future investment opportunities.”
According to IDC, the semiconductor industry will reach $785.5 billion in revenue in 2025, with an accelerated trajectory toward $1.1 trillion by 2029, fueled by AI adoption. TrendForce reports that global AI server shipments will grow 24.3% year-over-year in 2025, with major North American cloud service providers leading the surge, supported by sovereign cloud projects in Europe and the Middle East.
Soon after the opening on Wednesday, shares in SCHMID surged 37 cents, or 9.2%, to $4.40.
Tech Insider
