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Hot stock: AEM climbs as much as 13.4% following contract win

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Vivienne Tay

Vivienne Tay

Published Wed, Apr 3, 2024 · 11:09 AM
    • AEM announces a contract win from a “major fabless provider”.
    • AEM announces a contract win from a “major fabless provider”. PHOTO: PIXABAY

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    SHARES of mainboard-listed AEM jumped as much as 13.4 per cent on Wednesday (Apr 3) after announcing a contract win for its automated burn-in (ABI) test system.

    The counter reached a high of S$2.45 at 9.53 am, up S$0.29. By 10.52 am, shares of AEM were trading 10.7 per cent or S$0.23 higher at S$2.39, with 6.7 million shares changing hands.

    On Wednesday, AEM, which provides advanced chip-testing solutions, announced a contract win from a “major fabless provider” of high-performance compute and artificial intelligence (AI) semiconductor chips.

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