| In Singapore, plenty of companies, including big-name foreigners, operate in the semiconductor value chain. AEM Holdings stands out as a home-grown player and it counts Temasek Holdings as its No.1 shareholder. This was the company, the only one, that Indian Prime Minister Narendra Modi visited on 5th Sept, the second day of his 2-day official visit to Singapore.  L-R: AEM non-executive chairman Loke Wai San | India PM Narendra Modi | Singapore PM Lawrence Wong | AEM CEO Amy Leong | Singapore Minister for Home Affairs and Minister for Law, K Shanmugam.AEM supplies chip-testing equipment to Intel Corp and, increasingly from end of 2024, to top global fabless customers which it has won over after much validation tests. AEM has recently affirmed its projection of triple-digit millions in revenue from new customers in 2025 as production of their AI chips start. After his visit to AEM, PM Modi posted on X:  |
On its LinkedIn page, AEM posted: "It was exciting as we showcased our leading-edge Burn-in, Final Test, and System Level Test systems powered by PiXL thermal management technology during the tour.
"We are proud to play a pivotal role and serve as a critical node in the global semiconductor value chain. Hosting these esteemed dignitaries was a proud moment for AEM, reinforcing our commitment to driving innovation in the semiconductor industry."
To recap the significance of new customers in 2025, here's an illustration with text from AEM's 1Q2024 business update: 
