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AEM shares up 5% after firm highlighted in Budget speech
The Straits Times
|February 19, 2025
Shares of AEM Holdings surged after the local semiconductor solutions provider was highlighted in Prime Minister Lawrence Wong's Budget 2025 speech.
The mainboard-listed company saw its share price climb more than 5 per cent to $1.64 on Feb 18, before closing the day at $1.61, up 4.6 per cent. Over seven million shares changed hands.
In his Budget statement on strengthening Singapore's enterprise ecosystem, PM Wong, who is also Finance Minister, cited AEM as an example of the Republic's strong pipeline of promising companies, and highlighted its critical role in the chip production process.
AEM's products serve a critical role in the chip production process by helping to detect manufacturing defects or design flaws.
PM Wong pointed out that the company has a global footprint, with manufacturing plants and research and development teams across Asia, Europe and the US.
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