On the morning of August 11, semiconductor equipment company ASMPT issued an announcement stating that on August 8, 2025, the shareholders of Advanced Semiconductor Equipment (Shenzhen) Co., Ltd. ("AEC"), a wholly-owned subsidiary indirectly controlled by ASMPT, passed a resolution to establish a liquidation committee for the voluntary liquidation of AEC ("voluntary liquidation").
AEC is part of ASMPT's Semiconductor Solutions Division, primarily engaged in in-house manufacturing operations for the Group, with a factory located in Bao'an District, Shenzhen, China.
ASMPT's decision to liquidate AEC is aimed at optimizing the Group's global supply chain to better align with evolving market dynamics and customer needs. Therefore, the board of directors believes that the voluntary liquidation is in the overall interests of the company and its shareholders.
Liquidation Notice Issued by AEC
ASMPT pointed out that the closure of AEC will affect approximately 950 employees. It is expected to enhance the cost competitiveness, flexibility, and resilience of the Group's global manufacturing and supply chain operations. Other major global manufacturing operations of the Group will not be affected by this closure. The Group's supply chain has been fully adjusted to ensure uninterrupted delivery of products and services to all customers, with no impact on the quality or availability of products and services.
It is estimated that the one-time restructuring costs arising from the voluntary liquidation of AEC will be approximately RMB 360 million, mainly consisting of severance payments, shutdown-related costs, and inventory write-offs. The estimated annual cost savings from the voluntary liquidation (based on existing production volume) are expected to be approximately RMB 115 million per year, thereby improving the cost-effectiveness of the Group's operations.
ASMPT stated that the board of directors does not expect the voluntary liquidation to have any material adverse impact on the Group's operations.
According to information, ASMPT was founded in 1975 by Arthur del Prado, founder of Dutch semiconductor equipment manufacturer ASM International (ASMI), and Lin Shipang from Hong Kong, China. Headquartered in Singapore, ASMPT is engaged in the production of machinery and materials for the semiconductor and electronics industries. It is a leading global supplier of integration and packaging equipment for the semiconductor and light-emitting diode (LED) industries, providing assembly equipment and materials (etched and stamped lead frames) to multinational chip manufacturers, independent integrated circuit (IC) assembly plants, consumer electronics, and LED manufacturers. The company has approximately 10,800 employees and operates in more than 30 countries.
According to its financial report, in the first half of 2025, ASMPT's sales revenue was HKD 6.53 billion (USD 838 million), a year-on-year increase of 0.7% and a quarter-on-quarter decrease of 3.3%; new orders totaled HKD 7.11 billion (USD 913 million), a year-on-year increase of 12.4% and a quarter-on-quarter increase of 10.5%; profit was HKD 217 million, a year-on-year decrease of 30.9% and a quarter-on-quarter surge of 672.7%; adjusted profit was HKD 218 million, a year-on-year decrease of 30.7% and a quarter-on-quarter increase of 95.7%; basic earnings per share were HKD 0.52.
Notably, in June 2020, ASMPT spun off its packaging materials business to establish AAMI (Advanced Assembly Materials International Limited), an independently operated new company. Jianguang Assets formed a special fund and joined forces with Wise Road Capital to complete a controlling acquisition of the target company.
(Reprinted from China Grid https://news.eccn.com)