The stock of ASMPT (00522) has surged more than 7% in today's session. At the time of writing, the shares are up 6.58% to HK$207.2, with a trading volume of HK$725 million.

Key Market Drivers

Reports indicate that SK Hynix is installing additional back-end process equipment at its Cheongju P&T6 plant in South Korea, making final preparations for the mass production of HBM4. This move is part of a broader industry trend where major memory manufacturers are accelerating their expansion efforts.

Industry-Wide Expansion

Micron plans to commence operations at its first New York wafer fab by 2030, with its initial plant in Idaho expected to start DRAM production in 2027. Samsung has also announced a substantial investment of up to 110 trillion won to support the development of HBM4 technology.

Growth Projections for TCB Market

Analysis suggests that, based on forecasts from ASMPT's earnings briefing, the global TCB market is projected to reach approximately $760 million in 2025, driven by AI computing chip iterations boosting HBM demand and increased adoption of logic chip heterogeneous integration. This market is expected to grow to $1.6 billion by 2028, representing a compound annual growth rate of 28% over three years.

ASMPT's Competitive Edge

Furthermore, ASMPT has already delivered its next-generation HB equipment to HBM clients in the third quarter of 2025. This new equipment offers significant improvements in alignment and welding precision, production layout efficiency, and capacity, strengthening the company's competitive position in the market.