ASM Pacific sees steady growth in chip packaging equipment orders
Hong Kong manufacturing equipment supplier reports record year-on-year growth in third-quarter net profit
ASM Pacific Technology, the world’s largest assembly and packaging equipment supplier for the semiconductor industry, anticipates steady business growth next year after posting a record 220.7 per cent year-on-year increase in net profit for the three months to September 30.
“We are seeing customers talk about new projects and moving ahead a little bit earlier in their investment plans.”
Hong Kong-listed ASM Pacific on Thursday reported that its third-quarter net profit surged to HK$578 million, up from HK$180.23 million a year earlier, on the back of revenue expansion in its three business segments.
Chip assembly and packaging equipment sales grew 53 per cent year on year to HK$2.33 billion; its surface-mount technology (SMT) systems business for printed circuit boards advanced 8 per cent to HK$1.47 billion; and the materials business for chip interconnection solutions saw sales up 18 per cent to HK$494.28 million.
Total revenue in the third quarter climbed 29 per cent to HK$4.19 billion from HK$3.23 billion the previous year.
ASM Pacific supplies semiconductor assembly and packaging equipment equipment and chip interconnection materials used by chip makers, independent integrated circuit assembly houses, consumer electronics manufacturers and automotive components suppliers.