Besi lifts long-term financial targets, eyeing demand growth
The Dutch firm makes the world's most accurate hybrid bonding tool, a critical chip technology allowing multiple chips to be bonded directly on top of each other.
Besi now expects revenue of between 1.5 billion euros and 1.9 billion euros ($1.73 billion-2.19 billion) in the long term, against 1 billion euros forecast earlier, with an operating margin between 40 per cent and 55 per cent, up from 35 per cent to 50 per cent.
The development of artificial intelligence technologies, particularly in data centres, is driving adoption for chip stacking technologies, Besi's CEO Richard W. Blickman said in a statement.
As performance gains from shrinking chip features reach physical limits, chipmakers are looking towards advanced packaging technologies such as hybrid bonding to keep making faster and more powerful chips.
($1 = 0.8685 euros)
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