In addition, more than 70% of these exports originated from Singapore, which is subject to the lowest applicable tariff under the latest trade measures albeit on a 90-day pause.
Grand Venture Technology, whose share price has dropped by around 10% following the US tariffs, is reaffirming its 1HFY2025 revenue guidance at between $90 million and $96 million.
The company points out that in FY2024 ended Dec 31, 2024, direct exports to US were less than 10% of its total revenue and does not expect a significant increase in US-bound exports in FY2025.
