ASMPT's stock price soared 5.15% during the intraday trading session on Friday, continuing its recent positive momentum.

The surge follows the company's announcement of robust first-quarter financial performance, with adjusted profit surging 193.5% year-over-year and revenue growing 32.0%, both exceeding market expectations. Additionally, ASMPT has completed the sale of its U.S. subsidiary NEXX to Applied Materials for USD 120 million in cash, a strategic move to divest its lower-margin front-end deposition business and sharpen its focus on backend packaging.

Further fueling investor optimism is a significant equipment order from SK Hynix worth approximately KRW 30 billion for HBM4 mass production. The order book for this technology, where equipment unit prices have nearly doubled, is reportedly filled through the second quarter of next year. Institutional analysts note that AI demand is expanding into mainstream backend processes, with technologies like silicon photonics and CoPoS expected to drive long-term growth.