Dutch Chipmaker BESIY Expects Revenue Dip in Q1 2025
BESIY (BESI), a Dutch chipmaking parts supplier, anticipates a revenue decline in the first quarter of 2025 compared to the previous quarter. Despite positive AI-related orders, weakness in traditional markets is expected to impact overall performance.
The chip assembly equipment manufacturer projects a revenue drop of up to 10% from the €153.4 million ($159.9 million) it reported in Q4 2024. Analysts' consensus estimate, according to LSEG's IBES data, predicted a revenue increase to €170.2 million for Q1.
"We approach 2025 with cautious optimism," said CEO Richard Blickman. "Strong momentum in our advanced die placement solutions for AI applications partially offsets ongoing challenges in mainstream automotive, smart phone, industrial, and Chinese markets."
Investors remain bullish about BESIY's hybrid bonding solutions and the company's advantage in the growing AI technology market. However, traditional markets, which supply chips for automobiles and smartphones, are recovering slower than anticipated as manufacturers navigate high inventory levels and adjust orders.
BESIY now expects recovery in the mainstream assembly market to begin in the second half of 2025.