Singapore semiconductor firm AEM records $38 mln Vietnam revenue in 2022
AEM, a Singapore-headquartered firm in the semiconductors and electronics sector, recorded a revenue of S$50.03 million ($37.64 million) from operation in Vietnam in 2022, according to its latest report.
The figure went down 32.77% year-on-year from S$74.41 million in 2021.
Regarding global operation, AEM reported a historically high revenue of S$870.5 million ($654.9 million), up 54% year-on-year. Test Cell Solutions remained the main cash earner with 78.4% of the total, while Instrumentation and Contract Manufacturing contributed 21.6%.
An image sensor developed by AEM. Photo courtesy of the firm.
AEM, a global leader in test innovation, currently runs its Vietnam manufacturing plant and representative office in Ho Chi Minh City. The firm’s non-current assets in Vietnam dropped 14.88% year-on-year to S$875,000 ($658,283) in 2022 from S$1.03 million ($773,388) in 2021.
A subsidiary of AEM in Vietnam, namely CEI International Investments (VN) Ltd., is in charge of printed circuit board assembly and contract manufacturing. Vina Nestek Co. Ltd., another subsidiary, has the main activities of producing, processing, and assembling equipment and components for phones and electronics.
Semiconductors are a vital component for many industries from consumer electronics to aerospace and have been in high demand since the Covid-19 pandemic. Further advancements in semiconductor technology will be essential to facilitate a new wave of transformative technologies, including artificial intelligence, 5G, electric vehicles and IoT solutions.
Many domestic businesses are entering the global supply chain in this sector, like VinFast, FPT, and Viettel. Vietnam is also home to many foreign firms in the industry, including Samsung, Intel, Amkor, and others.
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