$AEM SGD (AWX.SG)$ Business Outlook For 2H2024, the Group fo...

Business Outlook

For 2H2024, the Group forecasts revenue in the range of S$160 million to S$180 million. Despite moderate test utilization and a decrease in near-term new capacity demand from the Group’s key customer, quarter-on-quarter revenue growth is anticipated in 4Q2024 driven by new customer business growth.

AEM's CEO, Amy Leong, commented, "The Artificial Intelligence (AI)/High Performance Compute (HPC) and advanced packaging market is gaining momentum, and AEM is well-positioned to capitalize on the exceptional growth expected in this space. We are committed to optimizing our operational efficiency and operating expenses, while maintaining our core investments in technology development and commercialization efforts to drive strategic growth. I look forward to sharing my vision for AEM during our 3Q2024 results briefing in November."