Singapore-based semiconductor equipment manufacturer ASMPT continues to thrive, ride on the surge of AI infrastructure development
**Singaporean Semiconductor Equipment Supplier ASMPT Reports Steady Growth Amidst AI and EV Boom**
ASMPT, a leading Singaporean semiconductor equipment supplier, has reported steady revenue for the first half of 2025, despite a slight decrease year-over-year. The company's revenue stood at approximately US$837.6 million, a 0.7% decline, but bookings increased by 12.4% to HK$7.11 billion.
According to the interim financial results reported in Hong Kong, ASMPT's revenue for the first half of 2025 was HK$6.53 billion, with a net profit of HK$216.9 million. Despite a 30.9% decline in net profit, ASMPT's shares rose 3.27% to close at HK$63.20 on Wednesday.
The CEO of ASMPT, Robin Ng, attributes the better-than-expected bookings to strong demand associated with AI infrastructure, electric vehicles (EVs), and data centers. He stated that AI tailwinds are driving strong demand across both advanced packaging and mainstream businesses.
ASMPT's growth is particularly notable in the AI sector, where the company maintains market leadership in thermo-compression bonding (TCB) technology. The growth in ASMPT's third-quarter revenue is attributed to sustained advanced packaging (AP) revenue and improved sales at its surface mount technology business.
Moreover, the mainstream business is beginning to benefit from AI data center demand and has seen bookings growth in China from the EV and consumer markets. This growth is expected to continue, with ASMPT projecting third-quarter revenue between US$445 million and US$505 million, representing a 10.8% year-on-year growth that is above market consensus.
Despite some profit margin pressures, ASMPT's strategic alignment with the key growth drivers in semiconductors—AI, electric vehicles, and data centers—positions it well in the semiconductor equipment industry. The company's shares have responded positively to these results, indicating investor confidence in growth areas like AI and EVs.
While ASMPT is showing solid momentum related to AI and associated sectors, it is important to distinguish it from ASM International NV (ASMI), another major semiconductor equipment provider, which reported strong Q2 2025 revenue driven by logic/foundry and memory demand but also faces broader market uncertainties.
In conclusion, ASMPT is strategically aligned with the key growth drivers in semiconductors and is outperforming market expectations in several areas despite some profitability challenges. The company's focus on AI, electric vehicles, and data centers, coupled with its market leadership in TCB technology, makes it a strong contender in the semiconductor equipment industry.
[1] ASMPT's Q2 2025 Interim Financial Results Press Release [2] ASMI Q2 2025 Results Press Release [3] Semiconductor Equipment and Materials International (SEMI) Market Information Report [4] Singapore Business Federation Report on Semiconductor Industry Outlook for 2025
Technology continues to drive growth in the business sector, as demonstrated by ASMPT's success in the semiconductor industry, with robust demand coming from artificial-intelligence infrastructure and electric vehicles. The company's strategic alignment with these growth areas, combined with its market leadership in TCB technology, is a testament to its strength in the semiconductor equipment industry.
