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ASMPT Projects Growth in SEMI and SMT Revenue This Yr; CEO Change Will Not Shake Company Strategy
2026-07-29 14:09:39 After ASMPT (00522.HK) announced its interim results, CEO Robin Ng said that although the company has a very strong order volume, revenue recognition has not kept pace, mainly attributable to a very tight supply chain, given that many components are interchangeable across different types of equipment. According to suppliers, market demand for components is now alarmingly high, leading to longer delivery times for the company. Nevertheless, the company still expects semiconductor (SEMI) and surface mount technology (SMT) revenue to record growth this year. Regarding Wong stepping down as CEO on August 11 and Bassel Haddad, who has many years of experience in the semiconductor industry, taking over the role, Wong said ASMPT's board already established its policy direction long ago, and therefore, even if there are management changes, the company's strategy will continue unchanged. ~ AASTOCKS Financial News Website: www.aastocks.com | |