ASMPT, a Singapore-based chipmaker listed in Hong Kong, expects steady long-term growth as more data centers drive demand for AI chips.

ASMPT CEO Robin Ng said that strong demand across both advanced packaging (AP) and mainstream businesses is being driven by AI tailwinds.

The company has released its interim financial results for the first half of 2025, showing mixed performance.

ASMPT reported revenue of HK$6.53 billion (US$837.6 million), unchanged from the same period last year.

However, net profit fell by 30.9% to HK$216.9 million (US$28.2 million).

Bookings increased by 12.4% to HK$7.11 billion (US$924.3 million), attributed to rising demand for AI chips and data center expansions.

ASMPT anticipates third-quarter revenue between US$445 million and US$505 million.

This projection reflects a year-on-year growth of 10.8%.