Grand Venture Tech seeks to broaden its skill sets to chase next stage of growth
GRAND Venture Technology has had a difficult year. The manufacturing service provider has been navigating a cyclical downturn in the semiconductor industry, which is grappling with higher-than-usual inventory levels.
Despite this, the company is taking the initiative to build its capabilities – ahead of what could be another boom in semiconductor demand, driven by artificial intelligence and other use cases.
In December 2023, the company announced that it would acquire ACP Metal Finishing, a surface treatment specialist that has expertise in coating a range of metals.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
FLCT posts 1.1% lower H1 DPU of S$0.0348 on higher vacancies, expenses
ETF popularity poised to stay as investors flock to diversification, stability
Interests of OCBC and Great Eastern’s minority shareholders are fundamentally misaligned
Aims Apac Reit posts 10.2% lower H2 DPU on enlarged unit base
VinFast’s EV ambitions get a reality check as shares plunge 65%
Stocks to watch: FLCT, Paragon Reit, AA Reit, Lendlease Global Reit, Far East Orchard, SIA