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BE Semiconductor Industries NV (BESIY) reports a robust first quarter with significant increases in revenue, net income, and orders, while anticipating continued growth in the upcoming quarter.
BE Semiconductor Industries (BESI) on Thursday said its quarterly orders grew significantly in the first-quarter, helped by growth across all its markets and particularly strong demand for hybrid bonding. Investors are banking on growing orders for Besi's hybrid bonding solutions, a chip technology allowing two chips to be bonded directly on top of each other, citing its first-mover advantage amid a surge in demand for AI-enabling technology. Besi said its order bookings, an important indicator of future growth, jumped 104.5% to 269.7 million euros ($315.5 million) in the first quarter, compared with 131.9 million euros last year.
BE Semiconductor Industries has attracted takeover interest as its chip-packaging technology becomes increasingly strategic for semiconductor equipment manufacturers, according to three people familiar with the matter. The Amsterdam-listed chip equipment maker, known as Besi, which has a market value of 14 billion euros ($16.20 billion), has been working with investment bank Morgan Stanley to evaluate the approaches, two of the people said, requesting anonymity as the discussions are confidential. U.S. chip-equipment maker Lam Research is among the suitors that have held discussions with the Dutch company, one of the people said.