A*Star, Grand Venture Technology to develop manufacturing
platform as company’s semiconductor business gains pace
- GRAND Venture Technology (GVT) has partnered with A*Star to develop a customized manufacturing platform for advanced ceramics, enhancing its semiconductor business.
- The partnership aims to strengthen GVT’s capabilities in high-value ceramics manufacturing and support its research in advanced materials.
- GVT’s semiconductor business is growing, with a 50.8% increase in revenue from this sector due to new programs and expanding market share.
- The company was selected as a preferred supplier for advanced semiconductor packaging equipment used in applications like data centers and AI.
- GVT expects continued growth in its semiconductor segment, with positive projections for the advanced packaging market, and aims to meet its higher revenue target for H2 FY2024.
GVT has also collaborated with the Agency for Science, Technology, and Research (A*Star) to develop a customized manufacturing platform for advanced ceramics. The strategic move by GVT is expected to strengthen its leadership position in the rising semiconductor industry. Innovation and technology are about meeting ever-changing customers’ needs, be it from life sciences to semiconductors, which is the core of the collaboration. It will further develop GVT’s capabilities in the manufacturing of high-value ceramics and support research in advanced materials.
A*Star’s Singapore Institute of Manufacturing Technology will lead the development of the platform. More information will be released at a later date. GVT manufactures equipment for semiconductor manufacturing and has been enjoying growth in its business, especially in key semiconductor technologies. Last month, it was selected as a preferred supplier for advanced semiconductor packaging equipment, including components for thermal compression bonding equipment that go into making advanced chips for data centers and AI.
Advanced packaging is growing at an impressive compounded annual growth rate of 11% to reach US$69.5 billion by 2029. Business in the semiconductor segment of GVT also continues to be strong; revenues were higher by 50.8% last year compared to the same period a year before. It also booked a net profit rise of 33.5% to S$6.3 million for the nine months ended of 2024. GVT expects to meet the higher end of its revenue forecast for the second half of FY2024, with the semiconductor segment leading the way amid the industry’s major transformation.
Read the full article: A*Star, Grand Venture Technology to develop manufacturing platform as company’s semiconductor business gains pace
