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While everyone’s been bracing for impact from the US tariffs, Grand Venture Technology (GVT) just dropped a press release that’s basically saying, “Tariffs? What tariffs?” |
Let's check out GVT's recently-released annual report 2024.
Non-Executive Chairman Joseph Liew, in his statement, sets the stage for “the beginning of a multi-year growth story” for GVT.
He notes GVT’s strategy to “invest through the downturn” which is finally paying off.
“Towards the end of the year and into early 2025, we secured key project wins from major back-end and front-end semiconductor customers, potentially signalling an inflection point for the Group in 2025,” he says.
That’s a big deal, especially after a tough period for the semiconductor industry.
GVT is spreading its wings in aerospace and life sciences too. The Chairman highlights “solid gains in our semiconductor segment, our growing wallet share in the aerospace segment, coupled with the resilient performance of our life sciences and medical segments.”
And, of course, GVT is riding the AI wave.
The Chairman points out, “The rise of Artificial Intelligence is driving a structural transformation within the industry, elevating the importance of High Bandwidth Memory.”
GVT is right in the thick of it, working on cutting-edge stuff like Thermal Compression Bonding and Hybrid Bonding for next-gen chips.
And talk about landing big fish: “In December 2024, GVT was selected as a preferred supplier for advanced semiconductor packaging equipment by a leading global semiconductor assembly and packaging equipment manufacturer.”
Then, just a month later, they snagged a “pivotal TSV project from a global leader in wafer fabrication equipment and services.”
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Financially, GVT has done well in 2024. |
