Technology

Orders boom for Technoprobe: now worth more than Stellantis on the stock exchange

Artificial intelligence chips drive demand: over 200 million investment to expand production capacity

by Luca Orlando

3' min read

Translated by AI
Versione italiana

3' min read

Translated by AI
Versione italiana

"How are we? Stifled by a boom in orders. And even though we have invested a lot, the issue remains that of production capacity, which is never enough."

A production space problem, as pointed out by Technoprobe's vice-president Roberto Crippa, which already manifested itself years ago and which is still strongly present now, despite the expansions carried out on several occasions. A side effect of continuous and explosive growth that has caused worldwide demand for the test boards manufactured by the Lombardy-based group to take off, thus leading it to anticipate its targets by a year and already frame the billion euro revenue mark for 2026. Made in a sophisticated niche, test probes for processors, hundreds of thousands of euros' worth of objects that can reject faulty circuits in a few moments, allowing manufacturers to put only what is qualitatively reliable into computers, mobile phones or cars.

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"This 'cut' is increasingly sought after by global hi-tech and microprocessor customers, in parallel with the pervasive spread of electronics first and artificial intelligence applications now, a demand that has led to an explosion in production, production lines and therefore the need for control through the group's probes. 'Half of our revenues today are linked to the demand coming from artificial intelligence,' explains Crippa, 'and the trend is definitely growing, as can be seen from the forecasts for the coming quarters. A sensational and indeed unusual path for Italia, that of Technoprobe, founded in 1996 on the initiative of founder Giuseppe Crippa, Roberto's father. Who at the age of 60 decided to leave Stm after a long career, investing his savings in the new company.

Started first in the garage at home and then consolidated the following year with an ad hoc office and a dozen employees in Cernusco Lombardone, where it is still established today.

The latest quarterly report, which brings forward to 2026 the targets initially set for the following year, with revenues of EUR 1 billion, is emblematic of the golden moment, with double-digit growth in sales accompanied by robust margins, in the presence of an EBITDA seen at the end of the year in the order of 40%, 'an important fact in the light of the investments we are making,' Crippa comments, 'watched with great attention by investors. Elements that have prompted Bank of America, for example, to drastically revise upwards the prospects for the stock, which leapt forward last week in a single day by almost 30% and was thus able to update its all-time high.

The race continued yesterday, propelling Technoprobe to a total capitalisation of more than 19 billion euros, surpassing a big player like Stellantis by a hair's breadth. Already working at full capacity on three shifts, seven days a week, the only way to meet the growing demand is through investment, a choice taken decisively by the group by pledging over 200 million euros by the first quarter of 2027.

These sums are largely dedicated to decisively increasing production capacity, even starting up a new factory, with expected progress ranging from 79 to 200% depending on the components. Developments that in parallel are accompanied by an enlargement of the workforce, now at 3300, of which almost 1900 in Italia. A transitional level in any case, taking into account the 2-300 hires to come, necessary to manage the production expansion.

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