Chinese New Year Special Offer! This will be my first article on AEM share price in 2022. All eyes should be on the upcoming FY2021 full-year financial result. Will it set AEM share price on fire like what it did in 2018?
From January to March 2018, AEM share price rocketed 100% to reach $1.87. The supersonic run of AEM share price was attributed to two factors – the award of patent for the technology used in its flagship product, High Density Modular Test (HDMT) equipment and also the ramp up of orders from its key customer, Intel.
The ramp up of orders from Intel led to an increase of 216% and 560% in revenue and profit for FY2017. The release of the full-year FY2017 financial result in early 2018 saw AEM share price roaring to high heavens. Will history repeat itself for AEM share price? Fast forward four years, the ramping of HDMT by Intel is over. However, AEM is launching is its next blockbuster product test equipment product – Asynchronous Massive Parallel (AMPS). This new capability allows high powered chip to be tested under thermal controlled environment without damaging the chip.
In my research, I found out …