ASM Pacific Technology hits record US$1.01b bookings in Q1

It surpassed its US$700m booking guidance for the quarter.

The ASM Pacific Technology Limited (ASMPT) reported its bookings posted $7.83b (US$1.01b), exceeding its booking guidance of more than US$700m in the first quarter.

This reflected a 73.4% year-on-year and 86.4% quarter-on-quarter growth, which ASMPT linked to its semiconductor solutions segment.

The segment achieved $5.31b record bookings in the first quarter, up by 120.4% yoy; whilst the SMT solutions segment’s bookings were at an all-time high of $2.52b.

The group generated a $4.34b revenue for the quarter, attributed to a broad range of factors, such as customers investment in capacity expansion as well as the recovery for automotive and industrial applications.

Moreover, its net profit for the quarter rose to $528.4m, compared to the $25.5m in the same quarter last year. Basic earnings per share amounted to $1.27 from $0.06.

“Year 2020 was a tumultuous one, but we managed to close it off quite well. I am very pleased that our performance this quarter continues to achieve new heights. With the world’s appetite for silicon showing no sign of slowing down, our market position, our technologies and the fundamentals driving our business and future prospects continue to look bright,” Robin Ng, CEO, ASMPT, said.

The group also sees a strong performance for its second quarter, expecting its revenue to stay within the US$600m-US$650m.

Also Read

SMEs embrace cybersecurity insurance, 71% open to purchase

AI to play crucial role in cybersecurity staffing

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit