ASM INTL NV NY REG SHS - ASMIY STOCK NEWS

ASM International has received the 2024 'Excellent Performance Award' from TSMC for the fourth consecutive year. The award, presented at TSMC's Supply Chain Management Forum in Hsinchu, Taiwan, recognizes ASM's outstanding performance and contributions to TSMC's global expansion and advanced process technology nodes production capacity.

CEO Hichem M'Saad expressed gratitude for the recognition, highlighting TSMC as a strategic partner in driving technological breakthroughs. ASM continues to support TSMC's production while focusing on advancing innovations in semiconductor technologies like ALD and epitaxy.

ASM International announced that newly issued U.S. export controls on semiconductor equipment to China are largely aligned with previous assumptions. The company maintains its Q4 2024 revenue guidance of €770-810 million and FY 2025 revenue target of €3.2-3.6 billion.

The company expects China equipment sales to decrease in H2 2024 compared to H1, with Q4 2024 sales below Q3 levels. For H1 2025, China sales are projected to show a further moderate decrease versus H2 2024, with full-year 2025 China sales expected to be lower year-on-year. China equipment sales are forecasted to represent a low to high 20s percentage of total ASM sales in FY 2025.

ASM International (Euronext Amsterdam: ASM) has announced that ASMPT, in which ASM holds approximately 25% shareholding, has terminated discussions regarding its potential privatization. The talks, which began with a preliminary non-binding approach from an independent third party on October 14, 2024, have now ceased. ASMPT had previously disclosed receiving interest from a potential offeror regarding a possible privatization deal.

ASM International reported strong Q3 2024 results with new orders reaching €815 million, up 30% year-over-year, driven by strong demand for gate-all-around (GAA) and high-bandwidth memory (HBM). Revenue increased 26% to €779 million, reaching the upper end of guidance. Adjusted operating result increased 40% to €220 million with a margin of 28.2%. AI continues to drive demand for advanced devices, while other markets remain sluggish. The company projects Q4 2024 revenue between €770-810 million and expects FY 2024 revenue to increase approximately 10% year-over-year. For 2025, ASM forecasts revenue in the range of €3.2-3.6 billion.

ASM International N.V. (Euronext Amsterdam: ASM) has informed the market about a significant development concerning ASMPT, in which ASM holds approximately 25% shareholding. ASMPT has received a preliminary non-binding approach from an independent third party regarding a possible privatization of the company.

Key points:

• The discussions are at an early stage
• No agreement has been reached with the potential offeror
• There is no certainty that the approach will lead to an offer for ASMPT shares

ASM International, headquartered in Almere, the Netherlands, designs and manufactures equipment and process solutions for semiconductor device production, with facilities in the United States, Europe, and Asia.

ASM International N.V. (Euronext Amsterdam: ASM) has announced the details for its Q3 2024 financial results release and subsequent conference call. The company will report its third quarter 2024 financial results on Tuesday, October 29, 2024, at approximately 6:00 p.m. CET. Following this, ASM will host a quarterly earnings conference call and webcast on Wednesday, October 30, 2024, at 3:00 p.m. CET.

Participants interested in joining the conference call are required to pre-register using a provided link to receive the necessary dial-in numbers, passcode, and a personal PIN for access. Additionally, a simultaneous audio webcast and replay will be available through a separate link for those who prefer that format.

ASM International has launched the PE2O8 silicon carbide epitaxy system, expanding its portfolio of single wafer SiC epitaxy systems. This new dual chamber system is compatible with both 6” and 8” wafers and offers higher throughput, lower cost of ownership, and high process uniformity. The PE2O8 addresses the needs of the advanced SiC power device segment, which is seeing increased demand due to trends in electrification and high-power applications like electric vehicles and green power. The system features a compact design, easy preventive maintenance, and has been delivered to multiple customers globally. Steven Reiter, Corporate VP, emphasized the importance of delivering high-quality epitaxy processes on larger wafers with defectivity control, noting that the PE2O8 improves process control and value for customers.

ASM International N.V. (Euronext Amsterdam: ASMIY) has successfully completed its €150 million share buyback program for 2024. The program, which ran from May 15 to July 25, 2024, resulted in the repurchase of 228,389 shares at an average price of €656.77. ASM intends to reduce its capital by withdrawing the repurchased shares, except for those needed to fund employee and board member share programs. The final week of the program saw the repurchase of 52,938 shares at an average price of €624.17, totaling €33,042,077. This initiative demonstrates ASM's commitment to utilizing excess cash for shareholder benefit.

ASM International N.V. (ASMIY) reported strong Q2 2024 results, with new orders of €755 million, up 56% year-over-year at constant currencies. Revenue reached €706 million, a 6% increase from Q2 2023, slightly above guidance. The company saw strong demand for gate-all-around (GAA) and high-bandwidth memory (HBM) technologies. Adjusted gross profit margin improved to 49.8%, while adjusted operating result margin decreased to 25.8%.

For Q3 2024, ASM projects revenue of €740-780 million, with second-half revenue expected to increase around 15% compared to the first half. The company remains confident about its mid-term targets for 2025 and 2027, anticipating continued outperformance in the wafer fab equipment market.