Besi lifts long-term financial targets, eyeing demand growth
AMSTERDAM:
BE Semiconductor Industries
(
BESI
) raised its long-term financial targets on Thursday ahead of its investor day, saying the future is bright for its advanced chip stacking tools.
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% and 55%, up from 35% to 50%.
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.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
an hour ago
- Economic Times
Prosus surpasses financial targets with $7.4 billion annual earnings
Dutch technology investor Prosus on Monday reported full-year core headline earnings of $7.4 billion, up 47% year-on-year and exceeding its financial targets, bolstered by its expansion in lifestyle ecommerce. The company said ecommerce revenue grew 21% to $6.2 billion, fuelled by advances in artificial intelligence and innovation, as it continued to expand in Latin America, Europe, and India. Prosus, owned by South African technology investor Naspers, is pivoting from an investment group to a lifestyle tech company, a strategic shift that BofA highlighted in a note prior to the earnings publication as a key enabler that could boost financial yields and shift its investment case. "We are making good progress with the purchase of Just Eat which will create a new AI-powered tech champion in Europe," CEO Fabricio Bloisi said in a statement. Prosus announced in late February an agreement to buy Just Eat Takeaway for €4.1 billion ($4.72 billion) to create a European tech champion. For the first time in its history, Prosus' free cash flow, excluding the dividend it receives on its holding in Tencent, was positive, climbing to $36 million from negative $235 million in the last financial year. "We expect this momentum to continue, and to add at least the same level of incremental adjusted EBIT in the full year of 2026", Chief Financial Officer Nico Marais said in a statement. Naspers on Monday reported a 59.4% jump in its full-year core headline earnings. ($1 = €0.8685)
Time of India
an hour ago
- Time of India
Prosus surpasses financial targets with $7.4 billion annual earnings
Dutch technology investor Prosus on Monday reported full-year core headline earnings of $7.4 billion, up 47% year-on-year and exceeding its financial targets, bolstered by its expansion in lifestyle ecommerce. The company said ecommerce revenue grew 21% to $6.2 billion, fuelled by advances in artificial intelligence and innovation, as it continued to expand in Latin America, Europe, and India. Prosus, owned by South African technology investor Naspers, is pivoting from an investment group to a lifestyle tech company, a strategic shift that BofA highlighted in a note prior to the earnings publication as a key enabler that could boost financial yields and shift its investment case. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo "We are making good progress with the purchase of Just Eat which will create a new AI-powered tech champion in Europe," CEO Fabricio Bloisi said in a statement. Prosus announced in late February an agreement to buy Just Eat Takeaway for €4.1 billion ($4.72 billion) to create a European tech champion . Live Events For the first time in its history, Prosus' free cash flow , excluding the dividend it receives on its holding in Tencent , was positive, climbing to $36 million from negative $235 million in the last financial year. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories "We expect this momentum to continue, and to add at least the same level of incremental adjusted EBIT in the full year of 2026", Chief Financial Officer Nico Marais said in a statement. Naspers on Monday reported a 59.4% jump in its full-year core headline earnings. ($1 = €0.8685)
Time of India
an hour ago
- Time of India
PayU India revenue rises 12% to Rs 4,300 crore in FY25
Total payment volume (TPV) increased by 14% driven by strong growth in financial services, government segments, airlines and food delivery, Prosus said in its annual report. Tired of too many ads? Remove Ads PayU has posted a 12% increase in India revenue to $498 million (about Rs 4,300 crore) in fiscal 2025, according to Prosus, the Dutch-listed arm of South African technology investor is the fintech subsidiary of Prosus It also said India payments business reached breakeven during H2 FY25 and improved its Ebit margin by 1 percentage point to -2% for payment volume (TPV) increased by 14% driven by strong growth in financial services, government segments, airlines and food delivery, Prosus said in its annual report."India Payments witnessed steady progress in profitability despite competitive intensity and a higher unified payments interface (UPI) mix resulting in lower take rates," the report stated.
