AMD Deal Helps Austrian Chip-Component Maker Extend 500% Rally

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Austria Technologie & Systemtechnik AG shares surged 500% after raising earnings guidance and announcing increased investment linked to a deal with Advanced Micro Devices Inc. The partnership aims to boost chip-component production, benefiting the firm's growth prospects.

Shares in chip-part maker Austria Technologie & Systemtechnik AG rallied the most in six years after the company raised its guidance and pledged increased output and investment as part of a deal to supply Advanced Micro Devices Inc.