ASMPT (formerly ASM Pacific Technology) is a Singapore-headquartered company listed in Hong Kong that designs and manufactures machines and tools used in semiconductor and electronics assembly industries. It was originally the Asia division of ASM International (ASM).
 | |
| Formerly | ASM Pacific Technology Limited |
|---|---|
| Company type | Public |
| SEHK: 522 | |
| Industry | Semiconductors |
| Founded | 1975 |
| Founders | Arthur del Prado Patrick Lam |
| Headquarters | Singapore |
Key people | Orasa Livasiri (Chairman) Robin Ng (CEO) |
| Revenue |  HK$14.70 billion (2023) |
| HK$711.50 million (2023) | |
| Total assets | HK$23.96 billion (2023) |
| Total equity | HK$15.80 billion (2023) |
| Owner | ASM International (25%) |
Number of employees | 11,300 (2022) |
| Subsidiaries | Critical Manufacturing |
| Website | www |
| Footnotes / references [1] | |
History
editIn 1975, ASM founder Arthur del Prado went to Hong Kong for a business meeting with its customer Philips. During his time there, he took the opportunity to survey the prospects for the semiconductor industry in Hong Kong. Eventually he established ASM Pacific Technology (ASMPT) with Patrick Lam, an electrical engineer that del Prado recruited during his visit.[2][3] At first, the company’s business was acting as an agent for the sales of semiconductor materials and shelf production in Asia.[4]
Originally ASMPT was an Asian sales branch of ASM which derived its revenue from the sale of encapsulation equipment from the Netherlands and related materials from U.S. By 1977, ASMPT had established a sizeable customer base and moved into small-scale production of mold bases. Soon it was producing custom-designed trim and form tools.[2]
In 1979, ASMPT made two landmark decisions. The first was to acquire a 10,000 square-foot industrial property to support its move into the production of lead frames. The second was the acquisition of a wire bonder manufacturing business in Hong Kong from an American company.[2]
In 1980, ASMPT looked into designing its own automated equipment. To do this, the company went on an aggressive recruitment spree to attract young engineering university graduates. In 1981, it launched a conversion kit that enabled manual aluminum wire bonder to operate semi-automatically. By 1984, it launched its fully-automatic wire bonders. In 1985, ASMPT produced its first die bonder aimed at LED manufacturers. By the end of the 1980s, the sales of leadframes and equipment provided steady profit streams for ASMPT.[2]
At the end of 1989, ASMPT opened a plant in Shenzhen. ASMPT shifted its attention from manufacturing to research and development (R&D). Singapore was selected as its new R&D location due to tax incentives from the Economic Development Board. Former ASMPT CEO, Lee Wai-kwong stated that Hong Kong engineers would find a solution in the shortest possible time and be done with it while Singapore engineers would take longer to understand the root cause and come up with a more effective solution.[2][3][4]
ASMPT's growth was financed mainly through retained earnings and bank loans. To expand further, ASMPT chose to become a public company to acquire additional funding. In January 1989, ASMPT held its initial public offering by listing on the Hong Kong Stock Exchange with del Prado as chairman and Lam as managing director.[2][4]
In 2011, ASMPT acquired the electronics assembly systems business of Siemens.[3][5]
ASMPT acquired AMICRA Microtechnologies GmbH in April 2018.[6]
In August 2018, ASMPT acquired acquired Critical Manufacturing.[7]
ASM has reduced its stake in ASMPT over the years. In 1997, 51% of ASMPT was owned by ASM.[2] In 2013, it sold 11.9% of ASMPT making it no longer a majority shareholder.[8] By 2018, ASM's stake in ASMPT was at 25% and Elliott Investment Management was pushing for ASM to divest from ASMPT. At that time one of the potential buyers was TCL Technology.[9]
In recent times, ASMPT has been exploring going private. It would later relist on the Shanghai Stock Exchange STAR Market where it would obtain higher valuations. ASM supported the proposal although it would not divest its stake.[10] In February 2021, ASM and EV Group partnered to develop die-to-wafer bonding techniques for 3d-IC.[11]
In August 2022, the company changed its name from ASM Pacific Technology to ASMPT to avoid confusion with ASM International.[12][13]
In March 2023 it was reported that PAG was interested in acquiring ASMPT.[14] In October 2024, it was reported that Kohlberg Kravis Roberts was considering acquiring ASMPT.[15]
See also
editReferences
edit- ^ "2023 Annual Report" (PDF). ASMPT.
- ^ a b c d e f g Tang, Hung Kei (2001). "ASM Pacific Technology Limited". Asian Business Case Centre. Archived from the original on 16 March 2024. Retrieved 16 March 2024.
- ^ a b c "ASMPT enables developers with full-spectrum and accurate solutions". South China Morning Post. 9 August 2013. Archived from the original on 17 October 2021. Retrieved 16 March 2024.
- ^ a b c "ASM太平洋創辦人林師龐：科技靠人和！ - 信報財經月刊 hkej.com". 信報財經月刊. Archived from the original on 5 August 2022. Retrieved 16 March 2024.
- ^ Alpern, Peter (29 July 2010). "Siemens Unloads Electronics Assembly Systems Unit to ASM Pacific". IndustryWeek. Archived from the original on 16 March 2024. Retrieved 16 March 2024.
- ^ "ASM Pacific Technology Acquires Amicra to Enter the Photonics Market". www.acnnewswire.com. Retrieved 1 August 2024.
- ^ "ASM Assembly Singapore acquired Portuguese Critical Manufacturing". The CFI Group. Archived from the original on 11 August 2022. Retrieved 16 March 2024.
- ^ Noordhuis, Maaike (14 March 2013). "ASMI Cuts ASM Pacific Stake With $550 Million Share Sale". Bloomberg.com. Archived from the original on 24 December 2017. Retrieved 16 March 2024.
- ^ Baigorri, Manuel (28 September 2018). "TCL Mulls Bid for ASMI's $1 Billion Asian Arm Stake". Bloomberg.com. Archived from the original on 24 October 2019. Retrieved 16 March 2024.
- ^ Wu, Kane (22 September 2020). "Exclusive: Hong Kong-listed semiconductor maker ASM Pacific plans to go private". Retuers.
- ^ "ASMPT Portfolio Investments, ASMPT Funds, ASMPT Exits". www.cbinsights.com. Retrieved 2 August 2024.
- ^ ASMPT Marks Latest Milestone with Global Rebrand - ASMPT Corporate
- ^ PRESS RELEASE - ASMPT Marks Latest Milestone with Global Rebrand
- ^ "Chip Equipment Maker ASMPT Draws Takeover Interest, Sources Say". Bloomberg.com. 10 March 2023. Archived from the original on 16 March 2024. Retrieved 16 March 2024.
- ^ Tse, Crystal (2 October 2024). "KKR Is Said to Weigh Takeover Bid for Chip Gear Maker ASMPT". Bloomberg.com. Retrieved 10 November 2024.