HK Stock Market Move | ASMPT (00522) rose more than 6% in the afternoon to hit a new high again. Institutions pointed out that TCB technology life cycle and penetration rate significantly exceeded expectations.

ASM Pacific Technology (00522) rose more than 6% in the afternoon, with the stock price hitting a new high. The year-to-date cumulative increase is close to 90%. As of the time of writing, the stock rose 5.84%, closing at HK$146.7 with a trading volume of HK$4.63 billion. In terms of news, according to media reports, ASMPT recently showcased its HBM TCB technology to Samsung Electronics, and the project has entered the joint evaluation stage. In addition, the patent dispute between Hanmi Semiconductor and Hanhua Semitec continues to escalate. It is believed that this may drive HBM customers to accelerate the diversification of suppliers, potentially benefiting ASMPT indirectly. Huaxin Securities pointed out that multiple factors such as the integration of logic chip heterogeneity, rapid expansion of domestic computing power chip, high-level stacking applications of HBM, and capacity expansion of downstream foundries are driving the lifecycle and penetration rate of TCB technology to far exceed expectations. Currently, ASMPT's TCB solution for 12-layer HBM has received orders from downstream customers. Additionally, the company is leading the development of 16-layer HBM4 technology, positioning itself at the forefront of the industry. The certainty and elasticity of the company's performance in this round of AI computing hardware boom will be greatly unleashed.