ASM Pacific profit soars 261% to $1.2b in H1

The Group’s revenue also rose 41.5% to $1.2b over the same period.

ASM Pacific Technology Limited profit rose by 261.2% year-on-year to $1.26b in the first half of 2021, linked to secular growth trends and broad-based demand.

The Group registered a record revenue of $9.51b, up 41.5% compared to the first half of 2020. This was driven by long-term secular growth trends as well as macro-environment factors.

“The need to build more resilient semiconductor supply chains to deal with semiconductor chip shortages or to meet semiconductor self-sufficiency imperatives… drove some customers to accelerate their capital expenditure plans and increase capacity investments,” the group said in its report.

Accelerated digital transformations and global 5G roll out amongst other trends have also encouraged customers to increase investments.

Over the same period, the Group registered a record amount of bookings worth $15.15b, reflecting a 100.2% year-on-year increase.

The strong bookings performance was linked to the overall broad-based demand largely from the consumer market and the automotive market.

Moreover, the top five markets that contributed to group revenue were China (including Hong Kong), Europe, the Americas, Taiwan, and Korea.

The said markets accounted for only 14.4% of group revenue, continuing to reflect a high degree of customer diversification.

For the third quarter, the group expects its revenue to stand between US$730m-780m. It also expects its second half revenue performance to remain strong.