ASMVF - ASMPT Limited (ASMVF) Q2 2024 Earnings Call Transcript
2024-07-24 00:05:03 ET
ASMPT Limited (ASMVF)
Q2 2024 Earnings Conference Call
July 23, 2024, 08:30 PM ET
Company Participants
Romil Singh - Head, IR
Robin Gerard Ng Cher Tat - Group CEO
Katie Xu - SVP and Group CFO
Conference Call Participants
Gokul Hariharan - JPMorgan
Donnie Teng - Nomura
Simon Woo - Bank of America Merrill Lynch
Leping Huang - Huatai Securities
Presentation
Romil Singh
Good morning and good evening to all attendees. My name is Romil. I’m from the Investor Relations side. I will be the moderator for today's call. On behalf of ASMPT Limited, let me welcome all of you to the Group's Investor Conference Call for the Second Quarter and First Half of 2024. We would like to sincerely thank you all for your continued support and the interest in the company.
Please note that all participants will be on listen-only mode when the management is presenting. We will start the Q&A session only after the management has gone through the entire presentation. During the Q&A session, priority will be given to the covering analysts.
As part of our standard disclaimer, please do note that during this conference call there may be forward-looking statements with respect to the company's business and financial conditions. Such forward-looking statements could involve known and unknown uncertainties and risks that could cause actual results, performance and events to differ materially from those expressed or implied during this conference call.
For your reference, the investor relations presentation for our recent results is available on our website.
On today's call we have our group Chief Executive Officer, Robin and the group Chief Financial Officer, Katie. Robin will cover the group's key highlights, outlook and the next quarter's guidance, while Katie will provide details on the financial performance.
With that, let me now hand the time over to Robin.
Robin Gerard Ng Cher Tat
Thank you, Rom. Good morning and good evening to everyone. It's a pleasure to have you all for our 2024 interim earnings conference call. Today we will cover the group's highlights for the second quarter and the first half of 2024.
Before we delve into the details of our business performance, let me take this opportunity to give some highlights on the semicon industry. In the first half of 2024, the semiconductor industry presented a varied picture. At one end, there was surge in demand in the logic and the memory segments, primarily driven by the rapid growth of generative AI. However, the general semiconductor or the mainstream side experienced slower than anticipated pace of recovery. This was mainly due to the tepid consumer spending and electronics demand, further exacerbated by softening in the industrial and the automotive markets.
Amidst this dynamic external environment, there continued to be strong demand for the group's Advanced Packaging or AP solutions. Our first half bookings for AP solutions contributed a higher proportion of overall group bookings on both a year-on-year and half-on-half basis. ...
ASMPT Limited (ASMVF) Q2 2024 Earnings Call Transcript