Despite these run-ups, there are laggards within the tech sector. One of them will be Sunright (SGX:S71
) . It is one of the largest independent providers of burn-in and test services and a leading manufacturer of parallel test and burn-in systems, which is somewhat similar to AEM’s current line of business.
The AI-driven mega boom has sent semiconductor stocks worldwide rising multifold. Back home, our technology counters are also moving in tandem with the global technology players. Prominent names in the local listed semiconductor space, such as AEM Holdings, Frencken Group and UMS Integration, have seen a strong run-up in their share prices, ranging from 140% to 360% on a one-year basis.
In particular, AEM saw the biggest jump of 358% after ASE Technology, the leading provider of independent semiconductor packaging and test manufacturing services, invested $12 million in the company via a placement of 3.35 million shares at $3.591 each, as part of a broader collaboration to jointly capture the fast-growing market for AI and high-performance computing, or HPC.
