Reported about 1 month ago
BE Semiconductor Industries (Besi) anticipates a surge in hybrid bonding demand by 2025 following missed third-quarter order estimates due to delays in auto and Chinese markets. Despite securing new orders, its stock dropped 26% this year but briefly rose after the announcement. The company expects flat revenue for Q4, citing an unidentified customer's delay in order fulfillment amid ongoing industry challenges. Besi aims to expand its cleanroom facilities in Malaysia to meet future demand.
Source: YAHOO