AEM teams with ASE on AI test push, raises $12m

Placement and warrants deepen semiconductor partnership.

AEM has entered a strategic partnership with ASE Technology to develop test solutions for artificial intelligence and high-performance computing applications, alongside a $12m private placement to an ASE subsidiary.

The Singapore-listed test equipment company said the placement involves 3.35 million new shares at $3.591 each, representing about 1.06% of its issued share capital.

ASE’s subsidiary will also receive 28.11 million free detachable warrants in two equal tranches, subject to ASE-attributable revenue conditions. If fully exercised, the warrants would add about 8.94% to AEM’s current issued share capital.

AEM said the proceeds will support its expansion in Taiwan, the integration of its test technologies into ASE’s manufacturing and test environments, and the advancement of its product roadmap and joint go-to-market efforts for next-generation AI and HPC applications.

The partnership also supports ASE’s ISE Labs unit as it expands processor testing, validation, and characterisation capabilities for AI and HPC, including work on multi-chiplet, advanced system-in-package, and optical interconnect technologies.

The transaction remains subject to conditions, including Singapore Exchange approval for the listing and quotation of the new shares.

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