A big company in Singapore that makes tools for computer chips, ASMPT, had some bad news and some good news! Their profits went way down, but they see a bright future thanks to Artificial Intelligence (AI).
- ASMPT's profits dropped a lot.
- But, they're excited about the growing use of AI.
- More AI means more need for computer chips, and ASMPT makes tools for those chips!
| Thing | Number |
|---|---|
| Profit drop (in percentage) | 94.4% |
| Share price drop (in percentage) | 16.6% |
| Big AI investment plan by Alibaba (in US dollars) | $52 Billion |
Because big companies like Alibaba are spending lots of money on AI, ASMPT thinks this will help them grow and become more successful.
