Grand Venture Tech seeks to broaden its skill sets to chase next stage of growth
Yong Jun Yuan
GRAND Venture Technology has had a difficult year. The manufacturing service provider has been navigating a cyclical downturn in the semiconductor industry, which is grappling with higher-than-usual inventory levels.
Despite this, the company is taking the initiative to build its capabilities – ahead of what could be another boom in semiconductor demand, driven by artificial intelligence and other use cases.
In December 2023, the company announced that it would acquire ACP Metal Finishing, a surface treatment specialist that has expertise in coating a range of metals.
TRENDING NOW
SIA sinks into the red with S$76 million Q1 loss as fuel costs jump
15-month wait-out curb lifted for private property owners buying HDB resale flats
ABSD deadline extended to up to 7 years for developers of large en bloc sites to encourage reuse of land
A ‘shadow bank’ hiding in Singapore’s Little India casts light on financial services gap