Technoprobe S.p.A. (TPRO.MI): Rising AI test complexity drives structural probe card demand; initiate at Buy

Research evidence excerpt

Technoprobe S.p.A. (TPRO.MI): Rising AI test complexity drives structural probe card demand; initiate at Buy

Goldman Sachs Technoprobe S.p.A. (TPRO.MI)

Regulatory disclosures

Disclosures required by United States laws and regulations

See company-specific regulatory disclosures above for any of the following disclosures required as to companies referred to in this report: manager or

co-manager in a pending transaction; 1% or other ownership; compensation for certain services; types of client relationships; managed/co-managed

public offerings in prior periods; directorships; for equity securities, market making and/or specialist role. Goldman Sachs trades or may trade as a

principal in debt securities (or in related derivatives) of issuers discussed in this report.

The following are additional required disclosures: Ownership and material conflicts of interest: Goldman Sachs policy prohibits its analysts,

professionals reporting to analysts and members of their households from owning securities of any company in the analyst’s area of coverage. Analyst

compensation: Analysts are paid in part based on the profitability of Goldman Sachs, which includes investment banking revenues. Analyst as officer

or director: Goldman Sachs policy generally prohibits its analysts, persons reporting to analysts or members of their households from serving as an

officer, director or advisor of any company in the analyst’s area of coverage. Non-U.S. Analysts: Non-U.S. analysts may not be associated persons of

Goldman Sachs & Co. LLC and therefore may not be subject to FINRA Rule 2241 or FINRA Rule 2242 restrictions on communications with a subject

company, public appearances and trading in securities covered by the analysts.