ASMPT (00522) fell by more than 7% and fell 7.2% at press time to HK$96.05, with a turnover of HK$74.8 million.
The Zhitong Finance App learned that ASMPT (00522) fell by more than 7% and fell 7.2% at press time to HK$96.05, with a turnover of HK$74.8 million.
According to the news, the semiconductor sector in the US stock market generally declined. On April 17, ASML, a manufacturer of semiconductor production equipment and lithography machines, announced results for the first quarter of 2024 showing that order volume fell 61% month-on-month, exceeding market expectations. Some analysts said that the order data was disappointing, causing ASML's profit and revenue situation to become “fragile” next year. Citibank analyst Christopher Danieli and others said in an earlier research report that semiconductor stock performance and expectations for the first quarter of 2024 will be “more lackluster” and “unable to reproduce the artificial intelligence results of 2023.”
Furthermore, TSMC lowered expectations for the expansion of the chip market, warning that the smartphone and PC market is still weak. The world's largest advanced chip maker lowered its forecast for semiconductor market growth in 2024 to around 10%. CEO Wei Zhejia also lowered the growth forecast for TSMC's leading foundry industry. Meanwhile, the company kept its estimated spending on capacity expansion and upgrades this year between $28 billion and $32 billion.