AI Chip Concept Stocks Watch丨ASMPT (00522.HK) Falls Nearly 5%, Market Raises Concerns over Supply Glut

NewTimeSpace (newtimespace.com) reported that Hong Kong semiconductor stocks weakened, with ASMPT (00522.HK) fluctuating lower. As of 14:26, the stock was quoted at HKD 195.200, down 4.69%.

On the news front, Micron Technology officially commenced the expansion of its wafer fab in Hiroshima, Japan, with a total project investment of approximately JPY 1.5 trillion (about USD 9.3 billion), for the production of advanced memory chips such as high‑bandwidth memory (HBM) primarily serving AI processor demand. Related products are expected to begin shipping around the summer of 2028. Japan's Ministry of Economy, Trade and Industry will provide subsidies of up to approximately JPY 500 billion in support.

Nomura Securities stated that market concerns over a "computing power glut" may be overdone, and the memory chip industry still has a long way to go before reaching a downturn cycle. In fact, the market is currently facing a severe shortage triggered by AI demand, as major chip manufacturers prioritise production of more profitable HBM, resulting in constrained supply of conventional DRAM and NAND. Against this backdrop, worries about oversupply are excessive. Given that semiconductor industry construction and development cycles often take a long time, the projects announced by Korean chip giants may not have a material impact on supply for several years.

ASMPT (00522.HK)Engages in R&D and global sales of semiconductor assembly and packaging equipment, advanced packaging equipment, and surface mount technology. Its 2.5D/3D advanced packaging tools, such as thermo-compression bonding (TCB) machines, have been delivered to multiple leading OSATs, IDMs, and memory manufacturers worldwide for volume production of HBM and chiplet-based chips. The company has publicly disclosed multiple follow-on orders from AI-compute related customers.

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