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An update from ASM Pacific Technology ( (HK:0522) ) is now available.
ASMPT announced the strategic closure of its Shenzhen facility, affecting approximately 950 employees, as part of an effort to optimize its global manufacturing operations. This move aims to enhance the company’s cost competitiveness, agility, and resilience, while maintaining uninterrupted service and product quality for customers, reflecting its commitment to sustainable growth and operational excellence.
The most recent analyst rating on (HK:0522) stock is a Hold with a HK$58.00 price target. To see the full list of analyst forecasts on ASM Pacific Technology stock, see the HK:0522 Stock Forecast page.
More about ASM Pacific Technology
ASMPT is a global leader in semiconductor and electronics manufacturing, focusing on providing key products and solutions in these industries.
YTD Price Performance: -7.34%
Average Trading Volume: 1,967,658
Technical Sentiment Signal: Hold
Current Market Cap: HK$28.72B
See more insights into 0522 stock on TipRanks’ Stock Analysis page.