SCHMID Group N.V. (NASDAQ:SHMD) shares are up on Wednesday following the company’s announcement of securing a major order.
The order covers wet process production equipment, which supports advancements in artificial intelligence and high-performance computing (HPC) infrastructure.
SHMD Secures $5 Million High-Tech Order
The company has secured a significant order from a China-based customer valued at $5 million, which is expected to enhance its position in the high-tech manufacturing sector.
The systems will support the manufacturing of next-generation AI server boards and HPC platforms.
The order aligns with the growing demand for advanced manufacturing solutions in AI and HPC, reflecting a robust market opportunity.
SCHMID’s advanced wet processing InfinityLine H+ and InfinityLine V+ platforms will enable manufacturers to produce high-density multilayer server-boards used in AI accelerators, data center networking hardware, and HPC systems.
Last week, Germany-based SCHMID delivered the first specialized InfinityLine H+ system designed for Panel-Level Packaging (PLP) applications with formats of up to 700×700mm to a U.S. technology company.
SCHMID Raised Debt Funding
In February, SCHMID closed the second tranche of $15 million of the senior convertible note of $30 million.
SHMD Price Action: Schmid Group shares were up 9.51% at $6.80 at the time of publication on Wednesday, according to Benzinga Pro data.
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