ASMPT Limited announced a Stock Purchase Agreement dated 30 April 2026 under which its indirect wholly-owned unit, ASMPT USA Holding, will sell 100% of the equity in ASMPT NEXX, Inc. to Applied Materials for US$120.00 million in cash, subject to customary post-closing adjustments.
The purchase price includes an US$18.00 million indemnification holdback, to be retained by the buyer for 18 months to secure potential claims. In addition, inventory worth approximately US$6.70 million held by certain ASMPT subsidiaries will be transferred as part of the deal.
Upon completion, ASMPT NEXX will cease to be consolidated into the group’s financial statements. Based on the HK$833.00 million adjusted net asset value of ASMPT NEXX at 31 March 2026 and the indicated price adjustments, ASMPT expects to book an estimated disposal gain of about HK$11.00 million, subject to final audit.
Financially, ASMPT NEXX reported a HK$182.76 million after-tax loss on HK$171.48 million pre-tax loss for 2025, reversing a HK$51.17 million profit after tax in 2024. Adjusted unaudited net asset values were HK$898.00 million at 31 December 2025 and HK$833.00 million at 31 March 2026.
Proceeds will be allocated in line with ASMPT’s capital-allocation policy to support core business growth and shareholder returns. The divestment aligns with management’s strategy to sharpen focus on the group’s back-end semiconductor packaging activities, while positioning ASMPT NEXX for greater investment scale and synergies under new ownership.
Closing is targeted within five business days after satisfaction of all conditions precedent, including regulatory clearances and retention of key personnel; either party may terminate if completion has not occurred by 29 July 2026.
As the highest applicable percentage ratio of the transaction exceeds 5% but is below 25%, the sale constitutes a discloseable transaction under Hong Kong Listing Rules and requires publication of this announcement. Investors are advised that completion remains subject to outstanding conditions.