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Most semiconductor plays on the local bourse are contract manufacturers and fortunes closely tied to its marquee customer, normally a major player themselves. AEM Holdings's marquee customer is Intel and so its fortunes are closely tied to Intel's capex spending on new fabs (with testing facilities). Intel account for 90% of the revenue from AEM's most exciting/lucrative Testing Solutions BU.
AEM share price has dropped ~55% YTD, and ~-70% compared to its 2021-2022 peak. Now, the purchase of CEI (using cash/shares) look astute on hindsight. CEI will help to generate contract mfg profit in the current trough.
Intel to cut 15% jobs, suspend dividend in turnaround push; shares plummet
On Thursday, Intel announced it would cut operating expenses and reduce capital expenditure by more than $10 billion in 2025, more than it initially planned.
https://www.reuters.com/technology/intel...024-08-01/
AEM share price has dropped ~55% YTD, and ~-70% compared to its 2021-2022 peak. Now, the purchase of CEI (using cash/shares) look astute on hindsight. CEI will help to generate contract mfg profit in the current trough.
Intel to cut 15% jobs, suspend dividend in turnaround push; shares plummet
On Thursday, Intel announced it would cut operating expenses and reduce capital expenditure by more than $10 billion in 2025, more than it initially planned.
https://www.reuters.com/technology/intel...024-08-01/