ASMPT announced its Shenzhen subsidiary AEC will undergo voluntary liquidation (resolution on Aug 8), part of optimizing global supply chains to align with market and client needs.
The closure affects ~950 employees but aims to enhance cost competitiveness and supply chain resilience. Other operations remain unaffected, with delivery/supply uninterrupted.
One-time restructuring costs: ~RMB360 million (severance, shutdown, inventory write-offs); projected annual savings: ~RMB115 million, boosting efficiency. No major operational impact is expected.
ASMPT, a top global semiconductor/LED packaging equipment supplier (founded 1975, Singapore-based), operates in 30+ countries with ~10,800 staff.
H1 2025: Revenue $838 million (+0.7% YoY, -3.3% QoQ); new orders $913 million (+12.4% YoY, +10.5% QoQ); profits down YoY but up QoQ (EPS HK$0.52). It spun off packaging materials business in 2020 (AAMI, later acquired for over RMB3.5 billion).
ICgoodFind: ASMPT’s Shenzhen move, a supply chain tweak, has short-term costs but may lift long-term efficiency.
