IDG Leads Race to Buy ASMPT SMT Unit
IDG Capital has emerged as the leading bidder to acquire ASMPT's surface mount technology unit in a deal valued at over one billion dollars. The business has seen strong revenue growth driven by demand from AI server makers.
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ASMPT LTD is in advanced talks with IDG Capital to sell its surface mount technology unit in a deal valued at over $1B. The divestment comes as the electronics assembly equipment business benefits from surging demand for AI server manufacturing components. ASMPT is targeting a valuation of $1.5B for the division, according to people familiar with the matter.
