Benzinga
Why Is SCHMID Group Stock Gaining Monday? - Schmid Group (NASDAQ:SHMD)
xCruzo Brief
SCHMID Group’s shares climbed Monday after the Germany-based company secured an order to supply wet-process equipment for South Asia’s first glass core substrate manufacturing facility. The customer is a U.S.-based advanced packaging firm building the site to support next-generation AI processors, high-performance computing and data centers. SCHMID expects the order to be included in its fourth-quarter 2026 order intake, though it did not disclose financial terms. When operational, the facility is projected to produce about 70,000 glass panels annually, plus glass interposers and advanced 3D integration modules. The company said the deal follows stronger demand shown in an Oct. 21 update, including Q3 order intake more than doubling.
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