Besi Q3 Orders Beat Estimates on Strong AI Demand
BE Semiconductor Industries reported third-quarter orders of 342.6 million euros, beating market expectations on strong artificial intelligence demand. The company also dismissed concerns that ASML could become a rival in hybrid bonding technology and announced a new share buyback.
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BE Semiconductor Industries posted third-quarter order intake of €342.6 million ($385.2 million), rising 17% from the previous quarter on strong AI infrastructure demand. The order total beats the €298 million consensus estimate compiled by researcher Visible Alpha. Order intake surged 96% compared to the same period last year.
