ASMPT sees 49% revenue surge on AI hardware growth despite semiconductor unit underperformance

ASMPT Ltd. reported a 49% revenue surge for the year, driven by strong AI hardware demand, marking its highest growth to date. However, its semiconductor unit underperformed, falling below analyst expectations. The AI hardware segment outperformed, contributing significantly to revenue growth, while the semiconductor division’s performance was below forecasts, raising concerns about meeting market demands. CEO John Carter highlighted rapid AI hardware demand growth and ASMPT’s strong position to capitalize on this trend. The financial report noted supply chain issues and global economic uncertainties impacted the semiconductor division, but AI hardware orders rose 35% quarter-over-quarter. Analysts from Tech Insights Group praised ASMPT’s adaptability, noting its strong AI hardware performance suggests a promising future despite semiconductor underperformance.