SINGAPORE – ASMPT reported revenue of $435.4 million for the fourth quarter, a year-over-year decrease of 21.4%.

For the full year, the company's $1.88 billion in revenue represented a decline of 24.1% from 2022's total.

"We all know that 2023 was a challenging year for the semiconductor industry," said CEO Robin Gerard Ng Cher Tat. "I will even add that it was one of the toughest years in our recent history. Overall, the macroeconomic environment was characterized by one, persistent inflationary pressure; two, a high interest rate region; three, escalating geopolitical tensions and lastly, a slower-than-anticipated recovery of the Chinese economy.

"This collectively weakened overall consumer sentiment and electronics demand by a considerable degree in 2023. However, amidst, our unique broad-based portfolio provided a certain level of resilience. The prolonged semiconductor downturn adversely impacted our SEMI business with significant revenue contraction in 2023 as demand for PCs, smartphones and other consumer electronic devices dip significantly.

"However, our SMT business remained resilient, mainly due to continued demand from automotive and industrial end markets, and SMT delivered higher revenue than SEMI for a sixth consecutive quarter in the fourth quarter of 2023."

For the first quarter, the company projects revenue of $370 million to $430 million.

• Prev
• Next