Singaporean chip equipment maker ASMPT sees steady growth behind AI infrastructure boom
‘The massive buildout of data centres will drive a lot of demand for AI chips,’ CEO Robin Ng says
“AI tailwinds are driving strong demand across both advanced packaging [AP] and mainstream businesses, and we achieved better-than-expected bookings for the first half of 2025,” CEO Robin Ng said on Wednesday, as the company reported its interim financial results.
ASMPT, a global supplier of equipment and software used in the semiconductor and electronics manufacturing sectors, reported a flattish revenue of HK$6.53 billion (US$837.6 million) in the first six months of the year, even as bookings grew 12.4 per cent to HK$7.11 billion.
Net profit was down 30.9 per cent to HK$216.9 million. Still, the company’s shares rose 3.27 per cent to close at HK$63.20 on Wednesday.
ASMPT said it expected third-quarter revenue to be between US$445 million and US$505 million, a 10.8 per cent year-on-year growth that was “above market consensus”, on the back of sustained AP revenue and improved sales at its surface mount technology business.
“We have been maintaining our TCB [thermo-compression bonding] market leadership among AI [chip] players and driving revenue growth,” Ng said. “Our mainstream business is beginning to benefit from AI data centre demand, and it also achieved bookings growth in China from EVs [electric vehicles] and the consumer market.”
