Singaporean chip tool maker sees AI opportunities amid DeepSeek boom after stock plunge
Despite a sharp drop in share price following a significant decline in net profit, ASMPT, a semiconductor equipment maker, remains optimistic about its long-term prospects, citing opportunities arising from the growing adoption of AI applications. The company acknowledges pressure on its non-AI businesses due to a sluggish economy but is strategically shifting resources towards AI-related segments to capitalize on emerging growth opportunities.
ASMPT's CEO, Robin Ng, believes that the rise of cost-effective AI models like those from DeepSeek will drive demand for AI chips, benefiting the company. This optimism is further fueled by substantial capital expenditure on AI infrastructure by major tech firms, including Alibaba's recent US$52 billion investment, mirroring similar moves by US giants like Apple and Microsoft. This increased spending translates to greater demand for components, packaging services, and tools, areas where ASMPT's business is closely involved.
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Despite a sharp drop in share price following a significant decline in net profit, ASMPT, a semiconductor equipment maker, remains optimistic about its long-term prospects, citing opportunities arising from the growing adoption of AI applications. The company acknowledges pressure on its non-AI businesses due to a sluggish economy but is strategically shifting resources towards AI-related segments to capitalize on emerging growth opportunities.
ASMPT's CEO, Robin Ng, believes that the rise of cost-effective AI models like those from DeepSeek will drive demand for AI chips, benefiting the company. This optimism is further fueled by substantial capital expenditure on AI infrastructure by major tech firms, including Alibaba's recent US$52 billion investment, mirroring similar moves by US giants like Apple and Microsoft. This increased spending translates to greater demand for components, packaging services, and tools, areas where ASMPT's business is closely involved.
via SCMP Full Text Feed
