According to the financial news app, ASMPT (00522) is now up more than 4%, and as of press time, it has risen by 3.73%, with a quote of HKD 101.4 and a turnover of HKD 101 million.

On the news front, semiconductor market research firm TechInsights predicts that global wafer fab equipment used for advanced packaging will grow by 6% YoY to reach USD 3.1 billion in 2024. In addition, TSMC is reported to plan a price increase for advanced processes and advanced packaging, with a price hike of more than 5% for 3nm wafer foundry and an increase of around 10%-20% in quoted prices for advanced packaging next year.

Macquarie previously pointed out that ASMPT has a mainstream and high-end optical communication equipment portfolio, with major customers including Mellanox and Innolight. The bank expects these clients to account for single-digit percentage of ASMPT's semiconductor solution revenue next year. The bank raised ASMPT's earnings forecasts for FY2024 to FY2026 by 9%, 10% and 9%, respectively, primarily due to Nvidia's increased orders in optical communication and advanced packaging (AP). The bank is bullish on ASMPT's long-term growth prospects in advanced packaging and believes investors underestimate Nvidia's opportunities in the optical communication area of ​​its products.