ASM Pacific's profits soar 260pc to $1.26b

Finance | Staff reporter 29 Jul 2021

ASM Pacific Technology (0522) half year net profit soared 260 percent year on year to HK$1.26 billion

The company, which provides hardware and software solutions for the manufacture of semiconductors and electronics, saw revenue soar 41.5 percent to a record high of HK$9.51 billion for the six months ended June 30, with half-yearly bookings doubling to HK$15.15 billion.

The company declared an interim dividend of HK$1.30 per share.

Chief executive officer Robin Gerard Ng Cher-tat said the company may raise its prices due to chip shortages, but new orders were not affected.

Meanwhile, worldwide silicon wafer area shipments rose 6 percent to 3.53 billion square inches in the second quarter this year, surpassing the historical high set in the first quarter, said SEMI Silicon Manufacturers Group.

SEMI SMG said in its quarterly analysis that the second quarter silicon wafer shipments also rose 12 percent year-on-year.

"Demand for silicon continues to see strong growth driven by multiple end-applications. The supply of silicon for both 300mm and 200mm applications is tightening," said Neil Weaver, chairman of SEMI SMG.

Silicon wafers are the fundamental building material for the majority of semiconductors, which are vital components of all electronics.

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